January’s GGR was the second-highest since the Covid-19 pandemic.
Macau.- The Gaming Inspection and Coordination Bureau has reported that Macau’s GGR for January was MOP19.34bn (US$2.4bn). That’s a rise of 4.5 per cent month-on-month. Revenue was up 67 per cent year-on-year and represented the second-best monthly performance since the Covid-19 pandemic.
Morgan Stanley has predicted that Macau’s GGR will rise 28 per cent year-on-year in 2024 and reach 80 per cent of pre-pandemic levels.
Macau’s GGR for 2023 was MOP183.06bn. That’s a rise of 333.8 per cent when compared to 2022. As Macau’s annual GGR exceeded MOP180bn (US$22.45bn), the six city’s casino operators are to increase their pledged non-gaming investment by 20 per cent.
This is due to the new 10-year concession contracts signed between casino operators and government from January 2023. The increase in spending will have to be maintained for the period between 2023 and 2032.
January’s GGR was the second-highest since the Covid-19 pandemic. Macau.- The Gaming Inspection and Coordination Bureau has reported that Macau’s GGR for January was MOP19.34bn (US$2.4bn). That’s a rise of 4.5 per…
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