Gaming in Macau sees second consecutive year of decline in 2015

4 January 2016

Gaming in Macau declined for the second consecutive year in terms of gross revenues, with a downturn of 34.3 percent to 230.840 billion patacas (US$28.855 billion), according to official figures.

A year earlier, in 2014, the sum of gross revenues of gaming concession holders fell 2.6 pecent year on year to 351.521 billion patacas (US$43.94 billion), although the year on year negative change was only achieved in December of that year, as monthly accumulated figures had been positive until then.

On a monthly basis, December 2015 was the 19th consecutive downturn in gross gaming revenues, and the recorded value – 18,340 patacas (US$2.292 billion) – was a negative annual change of 21.2 percent, according to figures from the Gaming Inspection and Coordination Bureau.

However, revenue recorded in the final month of the year represented an additional 1.915 billion patacas compared to November 2015, in which gross monthly revenues reached the lowest value for the whole year.

At the end of the first half of 2015 there were 35 casinos in Macau, 20 run by Sociedade de Jogos de Macau, six 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 5,819 gambling tables and 14,213 slot machines.

On 27 October the “Studio City” project, a casino with 200 gaming tables, was inaugurated by Melco Crown Entertainment. It is Melco’s third casino in Macau. (macauhub/MO)