In October, Macau’s casino gross gaming revenue (GGR) was close to MOP20.79 billion (US$2.60 billion), up 20.5 percent sequentially and 6.6 percent from the previous year. The Gaming Inspection and Coordination Bureau, the local authority, made the declaration on Friday.
Since January 2020, when the city’s GGR was close to MOP22.13 billion at the start of the Covid-19 pandemic, October had the best monthly performance.
The October Golden Week, a seven-day vacation in mainland China that took place this year from October 1 to October 7 inclusive, was advantageous last month.
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After what investment experts called a “very strong” Golden Week, the daily run-rate of Macau’s casino GGR was assessed to have “slowed materially” in the third week of October.
According to the most recent monthly GGR statistic, Macau’s income for the first ten months of this year was MOP190.14 billion, which represents a 28.1 percent increase over the same period last year.
In a recent report, China International Capital Corporation Hong Kong Securities Ltd (CICC) predicted that Macau’s casino GGR may climb by 4% sequentially in the fourth quarter.
In a document sent in late October, the institution said, “We believe the outperformance in the first two weeks of October could indicate resilient demand and the return of premium patrons heading into the rest of the year.”
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