Macau's gaming revenue declined for a fifth straight month in October, as weak spending by high-end players offset a surge in Golden Week visitors. Gross gaming revenue fell 10% to 21.68 billion patacas ($2.68 billion) from a year earlier, according to data released by the Gaming Inspection and Coordination Bureau on Sunday. That was in line with the median analyst estimate of a 10% decrease, and about 18% lower than the pre-pandemic level in 2019.
Despite a surge in Golden Week visitors, revenue continued its downward trend, highlighting persistent challenges for the sector. The decline reflects ongoing weakness in premium gaming demand, even as mass market visitation increased. Macau's gaming industry continues to grapple with the aftermath of the pandemic and shifting player spending patterns.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing