October 31, 2024

Macau's Casino Recovery Fizzles in June as Tourism Boom Fades – Bloomberg

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Gross gaming revenue rose 513.9% to 15.2 billion patacas ($1.9 billion), according to data released by the Gaming Inspection and Coordination Bureau on Saturday.
A recovery in Macau’s casino sector showed signs of waning in June, with gaming revenue missing estimates amid concerns the initial post-reopening Chinese tourist boom is fading.
Gross gaming revenue rose 513.9% to 15.2 billion patacas ($1.9 billion), according to data released by the Gaming Inspection and Coordination Bureau on Saturday. That compares with the median analyst estimate of a 530% year-on-year increase. Revenue was 2.3% lower than the previous month and a 36% drop from the 2019 level.

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