Macau’s gaming and gambling revenues may reach US$12.25 billion in 2010

22 March 2007

Macau, China, 22 March – Macau’s position as the gaming and gambling capital of the world is expected to be consolidated with gross revenues reaching 100 million patacas (US$12.5 billion) at the end of the decade, according to Macau Magazine’s latest edition.

The magazine, which is owned by the Macau government, said in an article entitled “Geography of Gaming,” that Macau’s 25 casinos employed 30,000 people with the same number working in related entertainment industry areas.

In 2006 gaming and gambling activities in Macau posted gross revenues of 55 billion patacas (US$6.985 billion), a rise of 23 percent against the figures for 2005.

In 2006 Steve Wynn’s first casino and the new Galaxy Star group casinos (Star World and Rio) went into operation in Macau and the Grande Waldo in the area of landfill between the islands of Taipa and Coloana (COTAI).

Sociedade de Jogos de Macau, owned by Stanley Ho, meanwhile opened the Babylon (2006) and Grand Lisboa (2007) and now owns 18 of Macau’s 25 casinos.

During the current year the Venetian, owned by US company Las Vegas Sands, the Crown Macau owned by Australia’s PBL and Melco, and the MGM Grand are due to open in Macau.

Macau Magazine reported that by the end of 2007 Macau would have a further 3,500 gaming tables and 10,000 slot machines.

The magazine also said that the territory’s hotel capacity would increase by 2017 when Macau should have 50,000 rooms, or four times the number available at the end of 2006.

In 2006 Macau received around 22 million tourists.

The Macau government recently announced that the number of tourists in 2007 should reach between 24 and 25 million. (macauhub)