Macau’s gross gaming revenues rise 1.5 pct in July

2 August 2012

Year-on-year growth in gross gaming and gambling revenues in Macau was just 1.5 percent in July, which was the lowest rate since June 2009. Revenues totalled 24.579 billion patacas (US$3.072 billion), according to official figures.

The figures published by the Gaming Inspection and Coordination Bureau (GICB) showed that the growth rate of gaming and gambling revenues was far below the rates seen since the beginning of the year, and along with May (+7.3 percent) was the only single digit rate.

From January to July, gross gaming and gambling revenues rose 16.8 percent to 173.308 billion patacas (US$21.663 billion).

At the end of July Fitch Ratings lowered its projection for growth in Macau’s gaming and gambling revenues from 15 percent to 10-12 percent for 2012, as a result of economic cooling in China, which is the main source of casino customers for Macau.

At the end of the first semester of 2012 there were 35 casinos in Macau, 20 of which were owned by Sociedade de Jogos de Macau, six by Galaxy Casino, four by Venetian Macau, three by Melco/PBL Jogos (Macau) and one each by Wynn Resorts and MGM Grand Paradise. (macauhub)