[ET Net News Agency, 2 January 2020] Citi Research noted that Macau's GGR in December
2019 amounted to MOP22.8bn, down 13.7%. For full-year 2019, Macau GGR reached MOP292.5bn,
a 3% decline versus MOP302.8bn in 2018.
The research house said mainland Chinese visitation growth fell into the negative
territory at -11% in November 2019. For the fourth consecutive month, Guangdong remained
the only province with positive visitation growth to Macau, while all other major
provinces continued to show negative growth.
Citi suspects that Macau continues to lose business from some of the most affluent
visitors from these provinces during the month. Non-Guangdong provinces contributed less
than 50% of total mainland Chinese visitation for the second consecutive month. (KL)