Macau’s gaming revenue showed further weakness last month amid mainland China’s economic slowdown, as casinos saw an underwhelming boost from the Golden Week holiday compared with a year earlier.
Gross gaming revenue was 26.4 billion patacas, down 3.2 percent year-on-year, according to data from the Gaming Inspection and Coordination Bureau (DICJ). The drop was in line with analysts’ forecasts, after revenue touched the lowest level in a year in September.
October is typically a strong month because of the Golden Week National Day holiday on the mainland, and indeed the level for October was the highest in 2019. But the 11 percent gain in visitor arrivals over the holiday period this time was markedly lower than last year’s 19 percent rise.
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