Business & Finance
Macau Gaming Revenue Decline Extends Despite Golden Week Boost
Key Points
Macau Gaming Revenue Decline Extends Despite Golden Week Boost Macau’s gaming revenue declined for a fifth straight month in October, as weak spending by high-end players offset a surge in Golden Week visitors. Gross gaming revenue fell 10% to 21.68 billion patacas ($2.68 billion) from a year earlier, according to data released by the Gaming Inspection and Coordination Bureau on Sunday. That was in line with the median analyst estimate of a 10% decrease, and about 18% lower than the...
Macau Gaming Revenue Decline Extends Despite Golden Week Boost
Macau’s gaming revenue declined for a fifth straight month in October, as weak spending by high-end players offset a surge in Golden Week visitors.
Gross gaming revenue fell 10% to 21.68 billion patacas ($2.68 billion) from a year earlier, according to data released by the Gaming Inspection and Coordination Bureau on Sunday. That was in line with the median analyst estimate of a 10% decrease, and about 18% lower than the pre-pandemic level in 2019.