Macau Gaming Revenue Misses Estimate in Further Sign of Slowdown
Visitors cross the street in front of the Grand Lisboa casino resort in Macau.
Photographer: Eduardo Leal/BloombergThis article is for subscribers only.
Macau’s gaming revenue fell 5.6% in January, missing analyst expectations and adding to signs that China’s weak consumer sentiment is dragging down a recovery in the world’s biggest gambling hub.
Gross revenue reached 18.25 billion patacas ($2.3 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Saturday. That compared with the median analyst estimate of a 0.9% year-on-year increase, and is 26.8% lower than the pre-pandemic level in 2019.