Macau’s gross gaming revenue came in at $2.30 billion in April, representing a 26 percent year-on-year increase although slightly down on the $2.42 billion recorded in March. The daily run-rate of $76.7 million was 1.7 percent lower than the March run-rate of $78 million.
The sequential decline was not unexpected, with analysts pointing to seasonality as a contributing factor. Investment bank JP Morgan said recently that although April GGR was tracking below March, it had shown encouraging signs of stabilization towards the end of the month.
The April result takes total GGR through the first four months of 2024 to $9.41 billion, up 53.7 percent year-on-year and equivalent to 76.1 percent of GGR through the same period in 2019.
