Macau’s Gaming Inspection and Coordination Bureau (DICJ) reported industry-wide gross gaming revenue of MOP$18.6 billion (US$2.31 billion) in July, up 11.6% year-on-year and 5.1% higher than in June.
It also represents a recovery back to 75.9% of July 2019 levels, when Macau GGR was MOP$24.5 billion (US$3.04 billion).
The improved July result was in part due to seasonality given the prior month of June is traditionally the weakest each year, but is also tipped by most analysts to be the start of a stronger finish to the year, with 3Q24 expected to be stronger than Q2 and Q4 becoming stronger again.
