Notably, gross gaming revenues (GGR) for the month of August rose 1.1% on a yearly basis to approximately $2.4 billion or 18.8 billion patacas, per the Macau Gaming Inspection and Coordination Bureau.
After witnessing 26 months of consecutive decline, the rise in August marked a revival for Macau, which led to a rally in the share price of casino companies like Wynn Resorts, Melco Crown Entertainment Limited MPEL and Las Vegas Sands Corp. LVS.