Macau casinos face yet another month of dampened revenues. In November, Macau’s casinos struggled despite performing marginally better than what the experts had predicted earlier.
According to the figures released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) casinos in Macau grossed MOP25b (US$2.84b) in revenue in November. The figure represents an 8.5% decline when compared with the revenue generated during the same period the previous year. Also, the overall revenue is down 13.5% from what the casinos generated in October 2019.
The decline in revenue has been attributed to declining VIP revenue amidst the ongoing US-China trade war and pro-democracy protests in the neighboring Hong-Kong.
Despite slumping revenue quality of the service offered at Macau’s casinos has not suffered.
In the draft for the 2019 Macau Gaming Service Index (GSI), published by the Macau Gaming Research Association (MGRA) it is revealed that casinos in Macau posted a 9.81 percent increase in the index when compared with the previous year.
The service quality was top at the MGM Cotai when compared with other gambling facilities in the city.
The first quarter saw the gaming service index hit 128 points, followed by 137 in the second and 113 in the most recent quarter. The figures are higher than all the figures posted for the same period the previous year.