Casino gaming revenues in Macau fall in August for third consecutive month

2 September 2014

Gross revenues from games of chance in Macau in August fell for the third consecutive month to 28.876 billion patacas (US$3.609 billion) a year on year fall of 6.1 percent, according to the region’s Gaming Inspection and Coordination Bureau.

The fall of 6.1 percent seen in August was the highest negative monthly growth recorded since the beginning of the year, after a drop of 3.7 percent in June and of 3.6 percent in July.

Gross revenue from gambling in casinos rose 8.1 percent to 250.377 billion patacas (US$31.297 billion) between January and August, the second lowest percentage change since January, a month in which revenues increased 7.0 percent.

Taxes on the gaming sector are the main source of government revenue in Macau that directly charges 35 percent on gross revenues earned and another 4 percent, indirectly, for various purposes such as social spending.

In addition, the casinos pay yearly fees for each table and gaming machine in operation, plus a concession bonus.

At the end of the second quarter of 2014 Macau had 35 casinos owned by six concession holders, 20 in the hands of Sociedade de Jogos de Macau, six run by Galaxy Casino, four by Venetian Macau, three by Melco Crown Gaming (Macau), one by Wynn Resorts (Macau ) and one by MGM Grand Paradise, which had a total of 5,710 tables and 12,895 slot machines. (macauhub/MO)