It’s official – Macau’s is in the midst of a recovery.
Official DICJ figures released yesterday revealed that gross gaming revenue (GGR) rose by 8.8 percent year-on-year to MOP$21.8 billion in October – the third consecutive month of increasing GGR following 26 months of decline.
But more significant is that fact that the figure proved considerably higher than the 6 percent growth predicted, while also representing accelerating sequential growth from 1.1 percent in August to 7.4 percent in September and now 8.8 percent. If the concessionaires were wary of jumping to any conclusions these past two months, they now have genuine reason for optimism.
October’s impressive result comes despite a number of hurdles, including the mid-month visit of Chinese Premier Li Keqiang, a T8 typhoon and the arrests of 18 Crown resorts staff by authorities on mainland China.
