Macau’s GGR riding on a 4-month winning streak

Newly-opened casino resorts have kept Macau’s gambling revenue afloat in the positive territory for the fourth consecutive month, posting a 14.4 rise in November.

Macau’s gross gambling revenue in November picked up at MOP18.79 billion (US$2.35) billion, according to the latest data released on Thursday by the Macau Gaming Inspection and Coordination Bureau. The figures were at the top end of analyst expectations for a 10-15 percent rise.

But November’s data was a drop from the previous month, when revenue had been boosted by a national holiday week.

Macau’s accumulated casino GGR for the 11 months to November 30 stood at nearly MOP203.40 billion, a year-on-year decline of 4.3 percent from the equivalent period in 2015.