Macau reports first decrease in monthly revenue growth since 2022
The results from the Gaming Inspection and Coordination Burea of Macau point to gaming growth in the region finally levelling out.
Key Points
- The accumulated GGR for the year was MOP 226.8bn, a 24% increase year-on-year
- The GGR for December 2024 fell 2% when compared to the year before
- This is the first time the industry has seen a decrease in growth since 2022
The statistics for the month of December have been submitted by the Gaming Inspection and Coordination Burea of Macau.
This month marks the first time gross gaming revenue (GGR) has fallen when compared to the year before for the first time in two years.
In 2023, the GGR was MOP 18.6bn ($2.33bn), but last month this fell 2% to MOP 18.2bn.
However, the accumulated GGR for 2024 was MOP 226.8bn, a 24% increase when compared to the year before.
The biggest months for growth this year in Macau casinos were seen in the first quarter.
January, February and March all saw annual increases in gross monthly income of over 50%, but this tapered off to an average of 16% in GGR growth throughout the rest of the year.
Good to know: Earlier this year, Macau’s Legislative Assembly enacted a bill criminalizing unauthorised currency exchanges within casino premises in hopes to reduce illegal financial activity and bolstering anti-money laundering measures
However, the figures slowing down like this is to be expected considering the region’s return to pre-Covid levels.
In 2019, the GGR of each month was somewhere around MOP 23bn – a figure which Macau is still yet to return to.
The closest the region has gotten to this was May 2024 with MOP 20.2bn.
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