Oct 02, 2023 02:31 PM
BUSINESS
Macao Casino Revenue Growth Slows Before Golden Week Holiday
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Visitors explore the Ruins of St. Paul’s in Macau on Aug. 24. Photo: Bloomberg
(Bloomberg) — Macao’s casino gaming revenue growth slowed in September, with the sector expected to get a boost this month from China’s Golden Week holiday.
Gross gaming revenue grew 404.2% to 14.9 billion patacas ($1.85 billion) in September, according to data released by the Gaming Inspection and Coordination Bureau on Sunday. That’s in line with the median analyst estimate of a 400% year-on-year increase, and about 68% of 2019 pre-Covid levels.
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