Macau’s gaming industry climbed to a new post-pandemic high in July, with gross gaming revenues reaching MOP$16.66 billion (US$2.06 billion).
According to figures from the Gaming Inspection and Coordination Bureau (DICJ), the July result was up more than 4,000% year-on-year and was 9.6% higher than June, when industry-wide gaming revenue was MOP$15.21 billion (US$1.89 billion). It was, however, still lower than the MOP$24.45 billion (US$3.03 billion) reported in July 2019.
The previous highest monthly GGR figure since Macau’s border restrictions were eased on 8 January 2023 was MOP$15.57 billion (US$1.93 billion) in May.
For the first seven months of 2023 combined, Macau’s GGR is MOP$96.80 billion (US$12.0 billion), up 263% year-on-year but still representing just 56% of the MOP$173.96 billion (US$21.6 billion) reported across the same period in 2019.
The improvement in revenues in July comes with analysts having observed strong uptake of new supply in the premium mass segment, while others are predicting mass gaming revenues will return to pre-COVID levels – and continue growing – by October.
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