Macau enjoyed a historically strong May as gross gaming revenue (GGR) reached its highest post-pandemic levels.
As reported by InsideAsianGaming, total GGR was recorded at MOP 20.2 billion (US$2.52 billion), a 29 per cent increase on the same period last year.
Furthermore, underlining the upward trajectory of the region, it also saw a nine per cent rise from GGR in April, continuing to build back from a challenging period – fuelled by the lifting of pandemic restrictions.
It also marks a trend of the region’s gambling sector, continuing to exceed expectations when it comes to engagement and turnover – in March it also enjoyed a staggering 53.1 per cent growth compared to the same period last year.
In total, March saw MOP 19.5bn ($2.4bn) coming in, numbers that were bolstered by a growing number of visitors in the region – as footfall and tourism continued to grow significantly.
Speaking to Bloomberg China, Maria Helena de Senna Fernandes, Director of the Macau Tourism Office, revealed just how significant the growth of tourism has been in the region, predicting that a total of 33 million tourists will embrace the region this year.
Success has been felt by those operating in the region. Earlier in the year MGM China stated that it no longer requires funding as it halted a lucrative revolving loan facility with controlling shareholder MGM Resorts.
After agreeing the cancellation of the loan, it was also revealed that it was untouched as the region and the operator look set for a fruitful period amidst economic growth.
