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June sees decline in Macau’s GGR
Macau’s gross gaming revenue (GGR) in June was $2.21 billion, down 12.4 percent from $2.51 billion in May.
The Gaming Inspection and Coordination Bureau (DICJ), the local regulator, revealed statistics that shows that even though the June total was up 16.4% from the prior year, it was the lowest GGR since the year’s beginning.
A 25.7 percent drop from the $2.97 billion reported in June 2019, prior to the pandemic, is also reflected in the result.
Macau’s casino GGR in the first half of 2024 was $14.20 billion, up 41.9% from the previous year but still 23.9 percent lower than the same timeframe in 2019, which was $18.66 billion.
May’s GGR was the highest monthly figure since the city’s borders reopened in January 2023. June only featured one public holiday, the Dragon Boat Festival, which falls on June 10th. Aside from that, many investment banks feel that both the Euro 2024 football tournaments and seasonality contributed to the June GGR decline.
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