Is The Lull In Macau’s Gaming Market Here To Stay?

Attendees stand in front of Aruze Gaming America Inc. electronic slot machines on display during theGlobal Gaming Expo Asia in Macau, China, on Tuesday, May 21, 2019. The expo runs through May 23. Photographer: Paul Yeung/BloombergMacau, the gambling capital of the world, reported nearly $37.9 billion in Gross Gaming Revenues for 2018.

Lately, VIP gaming has observed sharp declines due to stricter regulations by the Gaming Inspection and Coordination Bureau of the city’s junket operators.However, Mass Baccarat GGR increased by MOP 4.8 billion and MOP 5.5 billion, respectively. Before the escalation of protests in July 2019, the number of visitors in Macau increased by 21% and 19% in Q1’19 and Q2’19, respectively.Growth was primarily driven by same-day visitors, which account for near 50% of Macau’s tourists.Visitor spending refers to expenditure by tourists on non-gaming activities such as shopping, accommodation, food & beverage, and transport.Expenditure by same-day visitors has remained fairly stable over the last few quarters.

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