LEISURE & ENTERTAINMENT | Staff Reporter, Macau

Macau's gross gaming revenues plummeted 34.5% to $18.1b

But it's up 7% m/m.

July gross gaming revenues (GGR) in Macau were MOP18.6 bn (HK$18.1 bn), down 34.5% y/y but up 7% m/m, based on numbers from the Macau Gaming Inspection and Coordination Bureau.

According to a research note from Barclays, July GGR m/m growth was 7%, compared with m/m growth for July of 16% in 2011, 5% in 2012, 4% in 2013 and 4% in 2014.

This data is in line with the 34.5% y/y decline that Barclays was expecting for July, and is also in line with Bloomberg consensus.

Here's more from Barclays:

This data shows a slight improvement from the 36.2% y/y decline we saw in June. We continue to forecast 2015 full-year GGR to be down 32% y/y and expect the GGR y/y decline in the next few months to narrow given easier comps.

We expect the by-segment GGR breakdown for July to be released later this week. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.