Macau full year GGR falls 3.4 percent

The Gaming Inspection and Coordination Bureau (DICJ) has reported that full year GGR in 2019 fell 3.4 percent from the previous calendar year’s figure; 2019 GGR amounted to MOP292.4 billion (about US$37 billion).

These negative results were confirmed by the steep 13.7 percent year-on-year drop in December GGR, partly as a result of Chinese President Xi Jinping’s visit. December was the only double digit drop among the 2019 monthly results.

In December, Fitch Ratings revised its rating outlook for Macau from ‘Stable’ to ‘Negative’ due to the territory’s increased “mainland Chinese exposure.” The potential effect of US-China trade tensions on the gaming industry was one of the concerns that it cited.