The impressive bouncebackability of the Macau Gambling sector shows no sign of abating after figures revealed a new post-COVID record high.
In terms of accumulated profits in October, there was a 30.9% increase of approximately US$2.42 billion in gross gaming profit (GGR) compared to the previous month. This growth trend indicates that the gaming industry in Macau is back on its way to thriving and peaking the interests of international businesses and investors.
That's not all - the GGR is 400% higher compared to October last year, according to data from the Gaming Inspection and Coordination Bureau (DICJ). Online gambling is unregulated in Macau, which means all profits are generated from the territory’s land-based casinos.
It's a big flip for the government after a challenging financial period in the post-pandemic recovery.