Macau gaming revenues expected to remain stable at an average of US$2.5 billion per month

28 May 2012

Gaming and gambling revenues in Macau are expected to remain stable over 2012 at a monthly average of 20 billion patacas (US$2.5 billion), or slightly lower than the average of 22 billion patacas seen in 2011, the secretary for the Economy and Finance said Sunday in Macau.

Francis Tam, heading a delegation of over 80 local businesspeople organised by the Macau Trade and Investment Promotion Institute (IPIM), Sunday left Macau for Beijing to take part Monday in the opening ceremony of the first China International Trade and Services Fair.

The Economy and Finance secretary of the Macau Special Administrative Region noted that, from January to May, average monthly gaming revenues totalled around 24 billion patacas, which was a relatively stable figure when compared to the three previous quarters and was in line with government projections.

However, given the impact of change in the international climate, “the government was cautious in its projections for the General Budget for this year, and listed an average of 20 billion patacas per month, which is slightly less than the monthly average of 22 billion for 2011.”

Francis Tam also said that, in the last few years, the government has promoted better management of gaming companies by adopting a stricter model for registration, licensing, renewal, or approval and respective administrative procedures, as well as the yearly publication of a an up-to-date list. (macauhub)