Macau’s casino revenue increased last month, extending the industry’s recovery to a sixth consecutive month, while falling short of analysts’ predictions.
Gross gaming revenue (GGR) rose 3.1 percent to 19.25 billion patacas, the Gaming Inspection and Co-ordination Bureau (DICJ) said yesterday. That compares with the median estimate of an 8.5 percent rise by eight analysts surveyed by Bloomberg and follows an 8 percent increase in December.
Last month’s year-on-year growth was the lowest since August last year.
Macau’s gaming revenues have been on a positive streak since last August.
Month-to-month, revenue fell 2.8 percent.
The Bloomberg Intelligence index of Macau gaming shares dropped 2.6 percent, paring this year’s gain to 1.5 percent.
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