Macau Gambling Revenues up by 435% in November

Macau’s Gaming Inspection and Coordination Bureau (DICJ) has published its latest monthly report for the month ending November 30th revealing that gross gaming revenue (GGR) was up by 435% year-on-year.

According to the report, GGR for the month came to MOP$16.04 billion ($1.99 billion/€1.75 billion), a drop of 17.74% on the post-COVID record of MOP$19.5 billion ($2.42 billion/€2.23 billion) recorded in the previous month. The dip was expected after October’s GGR reached an estimated MOP$6.65 billion ($825 million/€778.4 million) for the annual Golden Week holiday period. This resulted in the best average daily figure recorded since the last pandemic closures.

The first 11 months of the 2023 calendar year has seen combined gaming GGR of MOP$164.5 billion ($20.4 billion/€18.8 billion), up 325% year-on-year. So far GGR has climbed back to 61% of the MOP$269.6 billion ($33.5 billion/€30.9 billion) reported in the first 11 months of 2019.

Q3 Revenues Down

However, the government also reported that it collected a total of MOP$45.8 billion ($5.68 billion) for the first nine months of 2023 This represented a 203% increase year-on-year.

Natasha Lyndon

Macau Gambling Revenues up by 435% in November