Overall GGR hit its highest figure of the year so far.

Figures from the Gaming Inspection and Coordination Bureau (DICJ) have highlighted Macau’s highest gross gaming revenue (GGR) figures of the year so far, up 29.7% year-on-year to MOP$20.18bn (US$2.50bn).

Positive results from Macau indicate that GGR is edging ever closer to pre-Covid levels, with another notable uptick year-on-year evident in these latest figures. Furthermore, the revenue results for May bring 2024’s total cumulative GGR up to MOP$96.1bn, a 47.9% rise from the figure generated over the first five months of 2023.

In comparison to pre-Covid levels, GGR is still down – with figures from May 2019 showing an income of MOP$25.9bn, around 20% higher than May 2024.

However, the rise in revenue compared to figures reported during Covid is evident and encouraging, with GGR from May 2022 reaching just MOP$3.3bn. This means that GGR from May this year is 512% higher than that of the same month two years ago.

Looking ahead, numerous local analysts suggest that a dip in GGR for the month of June is to be expected, as poor weather cycles generally lead to a seasonal lows during this time period.

These latest figures come shortly after the Executive Board of the International Monetary Fund (IMF) forecast that – thanks to numerous diversification efforts –

Macau’s economy is set to return to pre-pandemic levels

in the medium term.

Indeed, the latest figures have not been the only contributor toward this prediction, as

March saw Macau’s revenue rise 53%

yearly to MOP$19.5bn. April’s figures took a slight downturn, as

GGR settled at MOP$18.5bn

, with the number of arriving visitors also dropping by 3.5%. Nevertheless, GGR in April 2024 was still 26% higher than April 2023’s.