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Macau casino GGR increases by 5.5% month-on-month in March

April 2, 2024 Macau Industry Updates

March’s gross gaming revenue (GGR) from Macau’s casinos increased by 5.5% month over month to surpass MOP19.50 billion (US$2.42 billion), as reported on Monday by the city’s Gaming Inspection and Coordination Bureau.

This outcome marked a noteworthy 53.1% rise over March 2023 and was marginally higher than the previous post-pandemic high, which was just over MOP19.50 billion, set in October of last year.

The observed daily GGR run rate for March, according to investment experts, was a little higher than the historical norm. The quality of players at Macau’s premium mass gaming tables was steady throughout the month, according to Citigroup’s spot-check study.

When March’s data is taken into account, Macau’s gross general receipts (GGR) for the first quarter of 2024 came to around MOP57.33 billion, a noteworthy 65.5% increase over the same period the year before. In addition, the first-quarter performance represented a 5.9% growth over the MOP54.11 billion recorded in the 2023 fourth quarter.

Original story by: GGRAsia

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