Macau: Macau’s gross gaming revenues fall 12.7 percent year on year in first quarter

20 April 2009

Macau, China, 20 April – Gaming and gambling activities in Macau posted gross revenues of 26.052 billion patacas (US$3.256 billion) in the first quarter of 2009, the Gaming Inspection and Coordination Bureau (GICB) said.

The revenue for the period represents a drop of 12.7 percent year on year, but a rise of 7.7 percent on the fourth quarter of 2008.

In the first quarter of this year, gambling contributed 26.019 billion patacas (US$3.552 billion) and the difference between this figure and the total – 233 million patacas – was accounted for by dog and horse racing, Chinese and instant lotteries and sports betting.

VIP baccarat in the period posted revenue of 16.828 biliion patacas (US$2.104 billion) or 64.6 percent of all gambling revenues.

In 2008 total revenues for the gaming and gambling sector were 109.83 billion patacas (US$13.73 billion).

Macau currently has 31 casinos. (macauhub)