Macau’s gross casino gaming revenue US$3.552 billion in July, down 3.6 percent

4 August 2014

Gross revenue from casino gaming in Macau fell 3.6 percent year-on-year in July to 28.415 billion patacas (US$3.552 billion), reports the Gaming and Inspection Coordination Bureau (DICJ).

The figures indicate that July is the second straight month in which the gross revenue had a negative variance, after posting a drop of 3.7 percent in June. Variance since the year began otherwise ranged between January’s 7.0 percent and February’s 40.3 percent.

In accumulated terms, gross revenue from games of fortune was 221.501 billion patacas (US$27.688 billion) from January thru July, for a positive variance of 10.2 percent, the year’s second lowest figure.

Taxes on the gaming sector are the Macau government’s main source of revenue. It directly takes in 35% of recorded gross revenue, along with a further 4 percent indirectly for various social or other purposes.

Casinos also pay annual taxes for each operating gaming table or slot machine, besides a concession premium.

At the end of the first quarter of 2014 there were 35 casinos operated by 6 concessionaires in Macau: Sociedade de Jogos de Macau (20), Galaxy Casino (6), Venetian Macau (4), Melco Crown Jogos – Macau (3), Wynn Resorts – Macau (1) and MGM Grand Paradise (1). Altogether they counted 5,746 gaming tables and 15,310 slot machines. (macauhub/MO)