Macau casino gambling with gross accumulated revenues of US$19 billion thru October

3 November 2010

Macau, China, 3 Nov – Gross revenues from casino gambling in Macau increased 58.8 percent year-on-year to 152.106 billion patacas (US$19.013 billion) in the January-October period, the Gaming Inspection and Coordination Bureau (DICJ) has announced.

Gross revenues in October alone were 18.869 billion patacas (US$2.358 billion), up 49.8 percent over the 12.600 billion patacas figure one year previously.

Note that the 120.383 billion patacas (US$15.047 billion) of gross revenues in the whole of 2009 from all kinds of games (of fortune or chance or in casinos, and from horse and greyhound races and various lotteries) was surpassed last September when gross accumulated revenues from casino gaming reached 133.237 billion patacas (US$16.654 billion).

At the end of the third quarter Macau counted 33 casinos distributed among six operators: Sociedade de Jogos de Macau (20), Galaxy Casino (5), Venetian Macau (3), Wynn Resorts (Macau) (1), Melco Crown Jogos (Macau) (3) and MGM Grand Paradise (1).

The Sociedade de Jogos de Macau closed October with a share slightly above 32 percent, followed by the Venetian Macau at just over 19 percent and Melco Crown Jogos (Macau) with 14 percent.

The Macau authorities cover 35 percent in direct taxes on gross gaming revenues and 4 percent in indirect taxes, besides various table and slot machine licence fees paid annually by each operator. (macauhub)