Macau's casino recovery slows in June as tourism boom slows
Wednesday 05 de July 2023 / 12:00
⏱ 1 min read
(Macau).- A recovery in Macau’s casino sector showed signs of waning in June, with gaming revenue missing estimates amid concerns the initial post-reopening Chinese tourist boom is fading.
Gross gaming revenue rose 513.9% to 15.2 billion patacas ($1.9 billion), according to data released by the Gaming Inspection and Coordination Bureau on Saturday. That compares with the median analyst estimate of a 530% year-on-year increase. Revenue was 2.3% lower than the previous month and a 36% drop from the 2019 level.
Highlights data:
- June’s gaming revenue slowed despite the Dragon Boat festival holiday and high-profile concerts, a sign casinos face an increasingly challenging task in enticing visitors to spend money.
- Macau’s casino operators have stepped up efforts to diversify into non-gaming activities after China’s crackdown on high-rollers almost wiped out the VIP gambling sector that used to contribute half of the city’s gaming revenue.
- Some concerts events have been helpful in stimulating demand, encouraging repeat visits and sourcing new players, said Credit Suisse analysts including Kenneth Fong, who see the activities as a sustainable driver for the casino sector.
- While Macau is still facing long-term risks including China’s anti-gambling campaigns, tightening regulations over casino management and the rise of other potential gaming destinations in Asia, there are also some catalysts that could boost the industry later this year. Local hotels, which faced a severe shortage of labor earlier this year, are opening more rooms and the summer holiday season is one of the peak time for tourists to visit.
By Shirley Zhao and Alice Huang
Categoría:Analysis
Tags: Sin tags
País: Macao
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.