Macau’s casino gaming revenue improves in July

Macau’s casino gross gaming revenue (GGR) continues to show signs of recovery in July despite posting its 26th consecutive month of decline.

Statistics from Macau’s Gaming Inspection and Coordination Bureau shows that gambling revenue in the former Portuguese enclave dropped 4.5 percent to 17.8 billion patacas ($2.2 billion) last month as wealthy rollers from mainland China continue to avoid the world’s biggest casino hub amid a protracted anti-corruption campaign by Beijing.

Taking on the positive, the July GGR data is an improvement from the MOP15.88 billion (US$1.99 billion) GGR in June, which is considered the lowest monthly tally of China’s premier gaming hub since September 2010, when the aggregate for such revenue was MOP15.30 billion (US$ 1.91 billion).

Macau’s July GGR was within market analysts’ expectations that predicted a 4 to 8 percent drop.