Post by Blitz on Oct 1, 2024 9:19:37 GMT -5
Macau GGR down 12.7% month-on-month to MOP$17.3 billion in September, lowest of the year
by Ben Blaschke Tue 1 Oct 2024 at 12:50
www.asgam.com/index.php/2024/10/01/macau-ggr-down-12-7-month-on-month-to-mop17-3-billion-in-september/
Macau’s gross gaming revenues came in at MOP$17.3 billion (US$2.16 billion) in September, up 15.5% year-on-year but down 12.7% on August GGR of MOP$19.8 billion (US$2.47 billion). It is also the lowest monthly GGR figure of 2024 so far.
The figure represents 78.3% of September 2019 levels, when Macau GGR was MOP$22.1 billion (US$2.76 billion), according to information from the Gaming Inspection and Coordination Bureau (DICJ).
The month-on-month decline was widely tipped by industry analysts, who noted that September is a “shoulder season” between the summer holiday period and the October Golden Week holiday.
A series of adverse weather events in early September, China’s crackdown on illicit money exchange activities and fewer “weekend days” than the prior month have also been cited as short-term factors.
For the first nine months of 2024 combined, GGR reached MOP$169.4 billion (US$21.1 billion), up 31.3% compared to the same period last year.
by Ben Blaschke Tue 1 Oct 2024 at 12:50
www.asgam.com/index.php/2024/10/01/macau-ggr-down-12-7-month-on-month-to-mop17-3-billion-in-september/
Macau’s gross gaming revenues came in at MOP$17.3 billion (US$2.16 billion) in September, up 15.5% year-on-year but down 12.7% on August GGR of MOP$19.8 billion (US$2.47 billion). It is also the lowest monthly GGR figure of 2024 so far.
The figure represents 78.3% of September 2019 levels, when Macau GGR was MOP$22.1 billion (US$2.76 billion), according to information from the Gaming Inspection and Coordination Bureau (DICJ).
The month-on-month decline was widely tipped by industry analysts, who noted that September is a “shoulder season” between the summer holiday period and the October Golden Week holiday.
A series of adverse weather events in early September, China’s crackdown on illicit money exchange activities and fewer “weekend days” than the prior month have also been cited as short-term factors.
For the first nine months of 2024 combined, GGR reached MOP$169.4 billion (US$21.1 billion), up 31.3% compared to the same period last year.