August's Gross Gaming Revenue (GGR) in Macao surpassed € 2.2 billion.
A scoop from Sigma's report:
It's clear as day in the city's Gaming Inspection and Coordination Bureau report, ya heard?**
The gaming revenue indicator shows a whopping 6.2% boost from July, peaking second-best since the pandemic's strict lockdownlift. Only May 2023's 2.6 billion euros surpasses this figure.
Check this out: the first half of the year's gaming revenue soared to a staggering 17.1 billion euros in 2024, representing a colossal 33.4% jump compared to 2023.
Now, here's the bummer: we're still not back to pre-pandemic levels. The current August gaming revenue is still 18.6% lower than in 2019.
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Lookie here: Macau's gaming revenues skyrocketed by 686%, eh?
Nope, that's not actually confirmed in the data.
To understand why that number's been bandied about, consider these known factors impacting Macau's gaming revenues:
- Travel Recovery: Boom in international tourism, particularly from mainland China, post-pandemic.
- Policy Changes: Revisions to visa regulations or gaming concessions.
- Infrastructure Investments: Sprucing up transportation links (like the Hong Kong-Zhuhai-Macau Bridge).
- Diversification: Branching out into non-gaming tourism options.
To get the lowdown on Macau's gaming revenue trends, stick to trustworthy reports from the Macau Gaming Inspection and Coordination Bureau or the latest financial reports from casino operators.
- The unprecedented surge in Macau's gaming revenues in 2023 was not reflected in the official data.
- Macau's gaming revenues might have increased significantly due to factors such as travel recovery, policy changes, infrastructure investments, and diversification.
- To accurately understand Macau's gaming revenue trends, it's essential to refer to reports from the Macau Gaming Inspection and Coordination Bureau or the latest financial reports from casino operators.
