Macau November Revenues Suffer

Macau’s Gaming Inspection & Coordination Bureau reported that November revenues for the worlds largest gambling hub fell by 8.5% compared to the same period in 2018. Total nett revenues for the month of November stood at $2.8 billion and although the fall is less than many analyst’s had expected to by some 10% it spells the likelihood now that 2019 will be the worst year for Macau casino operators since 2016.

The fall in revenues is believed to be the lack of VIP Gamblers, the slow-down in economic growth, the ongoing trade dispute with China and the US and also the civil unrest in Hong Kong.

All this spells a miserable month for Macau and analyst’s predict revenues for the whole of 2019 will measure against 2016.

However on the bright side predictions for 2020 show a fair rise in revenues compared to 2019 and with the hope of the trade dispute and Hong Kong situation improving operators are hopeful that 2019 will be a blip for their revenues increase.