Macau gambling revenue rise in November

macau

The casino licenses expire sometime between 2020 and 2022.

The numbers register a positive outcome for the fourth consecutive month.

Macau.- The new facilities in Macau have helped obtain good results in the past four months. According to the Macau Gaming Inspection and Coordination Bureau, the gross gambling revenue (GGR) in November rises to US$2.35 billion.

Even though the figures show an increment month after month, November’s numbers were down from the previous month, when Macau experienced a national holiday. The accumulated casino gross gambling revenue for the eleven months ending in November registered a US$24.9 billion, almost a 4.3 percent year-on-year decline from the same period in 2015.

Credit analyst at S&P, Sophie Lin, said: “The opening and ramping up of new casinos, better infrastructure connecting the territory with mainland China, and stabilizing regulations are the major factors that will fuel a rebound in the gaming industry.”