Macau casino revenues up 3.1% in January

2 February 2017

Gross revenues from Macau’s casinos reached 19.255 billion patacas (US$2.406 billion) in January, a rise of 3.1% year on year, the second lowest since August 2016, said the region’s Gaming Inspection and Coordination Bureau.

The annual percentage change of 1.1% recorded in August 2016 was the end of 26 consecutive months (started in June 2014) of year on year decreases in gaming revenues, which varied between -48.6% in February 2015 and -0.1% in February 2016.

In 2016, gaming revenues from Macau’s casino reached 223.210 billion patacas (US$27.901 billion), or a contraction of 3.3% over the amount recorded in 2015, of 230.840 billion patacas.

At the end of 2015 there were 38 casinos in Macau owned by six concession holders, 20 by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, four by Melco Crown Jogos (Macau), two by Wynn Resorts (Macau) and one by MGM Grand Paradise, which had a total of 6,304 tables and 15,769 slot machines.

Over the next two years there are plans to open three new tourist complexes with casinos on the Cotai landfill area between the islands of Coloane and Taipa. (macauhub)