Macau’s casino revenue growth slowed in August after accelerating for three consecutive months as two typhoons disrupted operations in the city.
Gross gaming receipts rose 20.4 percent year on year to 22.67 billion patacas last month, according to data released by the Gaming Inspection and Coordination Bureau (DICJ) on Friday. That exceeds the median estimate for an 18.5 percent increase in a Bloomberg survey of eight analysts. Gaming revenue climbed 29.2 percent to 22.96 billion patacas in July from a year earlier.
Month-on-month, revenue last month was down 1.2 percent.
The first of the two typhoons, Hato, affected power and water supplies at a number of casinos. The impact of the disruption, which prompted brokerage firms including Deutsche Bank and Sanford C. Bernstein & Co. to cut their gaming revenue growth forecast for August, may be a blip for an industry that’s been on a year-long recovery despite the central government’s efforts to curb capital flows.
