Tag Archives: gaming revenues
- Robust gaming powers Macau Q2 GDP
August 29, 2017
Macau’s gross domestic product (GDP) expanded by 11.5 percent in the second quarter on the back of robust gambling activity in the former Portuguese enclave. Data released by Macau Statistics and Census showed that Macau’s GDP during April to June 2017 period was MOP95.06 billion (US$11.78 billion), the fourth consecutive...
- Macau’s GGR Numbers Up Slightly in June – Data
July 1, 2016
Macau casino’s gross gaming revenue (GGR) continue to indicate signs of recovery despite posting an 8.5 percent slump in June, according to official data. Statistics from Gaming Inspection and Coordination Bureau shows that Macau posted a MOP15.88 billion (US$1.99 billion) GGR in June – the lowest monthly tally of China’s...
- Macau’s gaming revenue continues to disappoints with 9.8% fall in May
June 1, 2016
Macau’s gaming revenue continues its free fall at 9.8 percent in May, much lower than the analysts’ estimates. Gross gaming receipts plummets to MOP 18.4 billion ($2.3 billion), completing a two-year decline. Analysts predicted that the drop in Macau’s gaming revenue for this month is at 8 percent. The latest...
- Moody’s downgrades Macau’s credit rating over falling gaming revenues
May 26, 2016
Credit rating agency Moody’s Investor Service has painted a bleak picture over Macau’s faltering economy horizon as it downgraded the city state’s sovereign debt status amid slumping gaming revenue. From Aa3, Macau’s long-term sovereign debt rating now stands at Aa2 with a “negative” outlook due to the uncertainty surrounding Chinese...
- Macau May Have Bottomed, But Good Luck Growing From Here
March 15, 2016
Word is spreading that Macau may have finally bottomed out. In terms of top line gross gaming revenue, that may be. Monthly gross gaming revenue for February came out to MOP$19.52 billion, down only 0.1% from January, so essentially flat. In terms of investing money in Macau, that’s a whole...
- Macau February gross gaming revenue best in 20 months
March 1, 2016
February kind of lived up to its promise as Macau posted its best monthly gross gaming revenue since October last year. Gross gaming revenue in Macau was 0.1% down from the same period a year ago to MOP19.5 billion ($2.4 billion), according to data from Macau’s Gaming Inspection and Coordination...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014