Macau casino gaming revenue falls for 17th straight month

Macau casino gaming revenue declined for the 17th straight month in October, despite a modest boost from the annual Golden Week holiday period.

Macau’s Gaming and Inspection and Coordination Bureau (DICJ) said gaming revenue fell 28.4% year-on-year to MOP 20.1b (US $2.5b) in October. For the year-to-date, Macau casinos are down 35.5% to MOP 176b.

October’s revenue total was MOP 3b more than September’s tally and the rate of decline slowed from 33% in September. In fact, October’s rate of decline was the second lowest this year, beaten only by January’s 17.4% decline.

That said, October is traditionally a stronger month given the Golden Week holiday, during which hordes of mainland Chinese make the trek to the world’s top gambling hub. While the number of mainland visitors was up 7.1% this year, the rate of growth was down significantly from the 17.1% recorded during Golden Week 2014. This year’s holiday week gaming revenue mirrored the month’s overall decline, falling 28% year-on-year.