Macau gambling growth in June lower than expected
News on 1 Jul 2018
News on 1 Jul 2018
Gross gaming revenue in Macau for the month of June amounted to MOP22.49 billion (US$2.78 billion), up 12.5 percent year-on-year but lower than expectations by analysts of a 17-21 percent range.
Macau’s Gaming Inspection and Co-ordination Bureau (DICJ) revealed the latest numbers on Sunday, noting that the amount recorded in June 2018 represents a 11.8 percent decrease from that recorded in May at MOP25.49 billion.
Accumulated gross gaming revenue for the first half of the year has reached MOP150.22 billion, a y-o-y increase of 18.9 percent.
June marks the 23rd month of consecutive revenue gains in the former Portuguese colony, after plunging to five-year lows due to slowing economic growth and a crackdown on corruption that began in 2014.
