Concerns continue to mount for the gaming industry in Macau as, for the seventeenth straight month, casinos in the city recorded a decline in monthly revenues when compared to the same month a year ago.
The Gross Gaming Revenue (GGR) of Macau's casinos declined by 28.4 percent from MOP 28.06 billion in October 2014 (approx. $3.5 billion) to MOP 20.06 billion (approx. $2.5 billion) in October 2015. While this is certainly troubling for Macau's casino industry, the news isn't all bad as this is the first time since January 2015 that the GGR decline has been under 30 percent.