bunyad domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/btcethereum/public_html/onlinegamblingdaily.com/wp-includes/functions.php on line 6114Macau casinos’ gross gaming revenue dropped by 2.3% in June from the previous month to MOP15.207 billion ($1.88 billion),<\/strong> according to a report released by the Gaming Inspection and Coordination Bureau (DICJ)<\/a>. However, despite the monthly drop, the latest data represents a 205% increase compared to the same period last year<\/strong>, and the second-best month this year <\/strong>so far.<\/p>\n June results contribute to an accumulated GGR of MOP80.136 billion ($9.94 billion) in the first half of this year<\/strong>, a figure that opens the door to a final result of GGR in 2023 that is, on average, far higher than that initially forecasted by the government, which was of MOP130 billion ($16.1 billion) for the full year.\u00a0<\/strong>Gaming experts expect 2023 to reach 60% of 2019 levels, prior to the pandemic.<\/p>\n Alidad Tash<\/p><\/pre>\n For Alidad Tash, Managing Director at 2nt8 Limited,<\/strong> the June results are “promising” considering that this month tends to be “traditionally slow” in terms of visitation and gaming results.<\/p>\n “The GGR for the second half of the year is expected to gradually increase as transportation gets back to its pre-pandemic levels. <\/strong>The non-gaming efforts by the gaming companies (e.g., concerts) shift into a higher gear, and the newly added hotel product reaches a higher occupancy,” Tash stated, as reported by Macau News Agency<\/em>.<\/p>\n<\/p>\n In May, the Deutsche Bank <\/strong>forecasted that Macau GGR would potentially hit somewhere close to MOP177.17 billion ($21.9 million) for the full year, <\/strong>which is around 36.3% higher than the government forecast.\u00a0<\/p>\n In the same forecast done by analyst Carlo Santarelli<\/strong>, Macau would potentially accumulate some MOP46.41 billion ($5.7 billion)<\/strong> in the second quarter of the year, reports Macau Daily Times<\/em>. In reality, the figure now disclosed by DICJ shows that in Q2 GGR reached some MOP45.49 billion, that is, almost MOP1 billion short of the Deutsche Bank forecast.<\/strong><\/p>\n For its part, last week, investment bank JP Morgan Chase & Co<\/a><\/strong> said they were expecting a \u201cflat\u201d result for June, <\/strong>that is, without major increases or decreases, considering such a result as \u201cpositive,\u201d <\/strong>as traditionally the GGR results from May to June have already recorded drops.\u00a0<\/p>\n The investment bank also forecasted that industry EBITDA would increase by 46% quarter-on-quarter, reaching $1.6 billion<\/a><\/strong>, equivalent to 70% of pre-pandemic levels. Meanwhile, free cash flow to equity is expected to approach 60% of 2019 levels\u00a0<\/p>\n Ben Lee<\/p><\/pre>\n