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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.
Macau Gaming Revenue Decline (ORG) Golden Week Boost Macau Gaming Revenue Decline (ORG) Golden Week Boost Macau’s (ORG) Golden Week (LOCATION) patacas (ORG) the Gaming Inspection and Coordination Bureau (ORG)
Originally published by Bloomberg Markets Read original →