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Macau Enters into Technical Recession in Q2 2019

George Miller
August 28, 2019
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Macau Enters into Technical Recession in Q2 2019Reading Time: 1 minute

 

Gaming services exports in Macau has fallen 0.8% and resulted in a technical recession in Q2 2019.

Macau’s GDP fell by 1.8% in the three months through to the end of June to mark the second consecutive quarter of contraction following a 3.2% decline in Q1 2019.

A 30% fall in construction investment year-on-year and a 24.4% fall in the value of exports, as well as a 6.1% fall in domestic demand also contributed towards the latest figures.

However, the 0.8% drop in gaming services exports was higher than the 0.6% fall registered in the first quarter.

According to figures released in July by Macau’s Gaming Inspection and Coordination Bureau, the gross revenue from different gaming activities fell from MOP76.37bn to MOP73.56bn quarter-on-quarter in the three months until the end of June.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau Enters into Technical Recession in Q2 2019

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Experience the Power of EEGaming.org – The Global Intelligence Hub

At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

  • ✔ Online and Land-Based iGaming
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  • ✔ Global Regulatory and Compliance Intelligence
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Whether through our daily "Zero Fluff" news, exclusive executive interviews, or in-depth market reports, our content provides the Expertise required to navigate today’s markets and the Evolution needed to lead tomorrow’s.

Bringing the Industry Together

Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Get In Touch

Editorial / PR Submissions: [email protected]
Business & Advertising: [email protected]

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