Macau casinos have now grown their gaming revenue for 12 consecutive months, as VIP gamblers continue to migrate back to their traditional home.
Figures released Tuesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show July’s gaming revenue hitting MOP 23b (US $2.86b), a 29% gain over the same month last year, nearly 15% higher than June’s result and the biggest year-on-year monthly gain since February 2014.
July’s positive result also marks one full year since Macau began its upward trajectory following over two years of consecutive monthly gaming revenue declines. For the year-to-date, Macau’s gaming revenue is up nearly 19% to MOP 149.3b.
Much of Macau’s gain can be credited to the return of VIP gamblers, whose increasing confidence in both (a) spending money in Macau and (b) being seen spending money in Macau has been on ample display in the recent quarterly reports of Macau casino operators.