Macau’s gaming revenue for December 2019 exceeded forecasts, with the region’s gaming regulator reporting a total of MOP30.7 billion (US$3.86 billion) in gross gaming revenue for the month. This figure is up 6.3% year-on-year, and is the highest monthly total since March 2019.

The strong performance was driven by a surge in VIP play, with VIP revenue up 11.5% year-on-year to MOP18.9 billion (US$2.4 billion). Mass market revenue was also up, rising 4.2% to MOP11.8 billion (US$1.5 billion).

The positive figures come as a welcome surprise to analysts, who had expected a decline in gaming revenue due to the ongoing US-China trade war and the ongoing protests in Hong Kong. The strong performance is a sign that Macau’s gaming industry is resilient, and that it can continue to thrive despite the challenging economic environment.

The strong performance of Macau’s gaming industry is also a sign of the region’s growing importance as a tourist destination. The region has seen a surge in visitors from mainland China, as well as from other parts of Asia, and this has helped to drive up gaming revenue.

Macau’s gaming industry is likely to remain strong in 2020, as the region continues to attract more visitors. Analysts expect gaming revenue to remain stable, with growth of around 5% expected for the year.

Overall, Macau’s December gaming revenue exceeded forecasts and is a sign of the region’s growing importance as a tourist destination. The strong performance is also a sign of the region’s resilience in the face of challenging economic conditions, and is likely to remain strong in 2020.