The Macau casino industry enjoyed the highest year-on-year growth of 2019 for June, as gross gaming revenue rose 6% to MOP23.81bn (€2.61B). The total itself is the second-lowest of the year and still leaves casinos 0.5% down on accumulated gross revenue for the calendar year so far.
However, the Macau casino sector has now grown for two months in a row, following April’s 8% drop. Revenue rose 2% for May and the 6% increase in June should allay constant speculation about the state of Macau’s gambling market.
Volatile VIP revenue and the impact of the US-China trade war have been forecasted as factors for dwindling Macau handle and revenue. But growth, for June at least, was significantly more positive and means three out of six months in 2019 have seen yearly increases.
