The lucrative casino industry in Macau is continuing its long-term recovery after last month saw aggregated gross gaming revenues improve by 16.3% year-on-year to reach $2.52 billion.
According to official figures from the Gaming Inspection And Coordination Bureau regulator, April represented the ninth consecutive month of aggregated gross gaming revenues rises for the casino industry in the former Portuguese enclave while combined takings since the start of the January have increased by 13.8% year-on-year to stand at $10.44 billion.
Macau had been suffering through 26 months of year-on-year declines in aggregated gross gaming revenues until August saw casinos in the city post a 1.1% boost to $2.35 billion while September’s figure of $2.29 billion represented a swell of 7.4%. This trend continued in October with an 8.8% improvement to $2.72 billion before being surpassed by a 14.4% advance to $2.34 billion in November.
December’s aggregated gross gaming revenues subsequently grew by 8% year-on-year to $2.47 billion while combined takings in January rose by 3.1% to reach nearly $2.41 billion before February saw a 17.8% escalation to $2.87 billion.
However, these were all topped in March when the industry, which includes over 30 casinos such as the Wynn Macau development from Las Vegas-based Wynn Resorts Limited and Asian giant Melco Resorts And Entertainment Limited’s Studio City Macau and City Of Dreams Macau properties, recorded its highest average daily takings for a non-holiday period in two years and saw aggregated gross gaming revenues grow by 18.1% year-on-year to hit $2.65 billion.