Macau Gaming Revenue Rises 14.8% in August to $2.5 Billion, Near Pre-Pandemic Levels

Sep 2, 2024, 05:39 PM

Macau's gaming revenue increased by 14.8% in August, reaching $2.5 billion, as demand for entertainment surged during China's summer vacation. This growth exceeded forecasts and marked a significant recovery, with revenues climbing back toward pre-pandemic levels. However, the figure still represents roughly 80% of the 2019 levels. The market has grown more than 33% compared to 2023, with a total of $19 billion in revenue through the first eight months of 2024. Despite the positive trend, uncertainties remain due to a crackdown on unlicensed money-changing operations, which play a crucial role in the industry.