Macau: Macau casino revenue falls between 2nd and 3rd quarter of 2008

20 October 2008

Macau, China, 20 Oct – Revenue from the 31 casinos of Macau came to 84.695 billion patacas (US$10.586 billion) in the first nine months of this year, surpassing the sales figure for the whole of 2007, according to official data from the government reported by MacauNews.

In 2007 total revenue from casinos came to 83.022 billion patacas (US$10.586 billion).

According to data published on the website of the Macau Gaming Inspection and Coordination Bureau, revenue during the third quarter fell, when compared to the second quarter of the year.

In the third quarter, revenue came to 25.987 billion patacas (US$3.235 billion), and in the second quarter, sales reached 28.885 billion patacas (US$3.610 billion), which is less than the 29.823 billion patacas (US$3.727 billion) posted in the first quarter.

Macau currently has 31 casinos, 19 of which are owned by Sociedade de Jogos de Macau, while Galaxy owns five, Venetian owns three, Wynn owns one, Melco owns two and MGM owns one.

Casino operators, apart from paying a direct tax of 35 percent on gross sales and a 4 percent indirect tax, also pay for a licence for each table and slot machine in a casino.

In the first nine months of the year, overall gaming and gambling revenue in Macau, which includes betting on horse and greyhound races and lotteries, came to 85.469 billion patacas (US$10.683 billion). In all of 2007, this figure came to 83.847 billion patacas (US$10.480 billion). (macauhub)