Macau casino GGR falls 3.4pct in full year 2019: govt

Macau’s casino gross gaming revenue (GGR) contracted 3.4 percent year-on-year in calendar year 2019. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.

The year closed with December GGR that slipped 13.7 percent from a year earlier, to nearly MOP22.84 billion (US$2.84 billion), the steepest decline in a month this year. During December, China’s leader, President Xi Jinping, had visited the city. The lead-up to his arrival had coincided with heightened security around Macau and reportedly tighter controls on visas to the city for the mainland China consumer segment.

The December numbers helped put the full-year ones firmly into negative territory. Calendar-year GGR was approximately MOP292.46 billion, compared to MOP302.85 billion for 2018.