Gov’t: Macau’s GGR to continue its freefall in H2

Macau is finally seeing some clear silver lining on the prevailing economic gloom.

Latest casino gross gaming revenue data released by Macau’s Gaming Inspection and Coordination Bureau shows encouraging signs that the Chinese gambling hub is on its track toward recovery – albeit at a slower pace.

In a statement, the Macau Government predicts that the decline in casino gross gaming revenue (GGR) “is likely to persist for some more time” in the second half of 2016.

The basis of its forecast was the recent data released by the Gaming Inspection and Coordination Bureau on Friday, which showed that Macau posted a MOP15.88 billion (US$1.99 billion) GGR in June –  the lowest monthly tally since September 2010, when the aggregate for such revenue was MOP15.30 billion [US$ 1.91 billion].