Macau casino revenues see double digit rise in February

2 March 2017

Gross revenues from Macau’s casinos in February recorded the highest growth in the last seven months by increasing 17.8% to 22.991 billion patacas (US$2.873 billion), said the Macau Gaming Inspection and Coordination Bureau.

From August 2016, the month that reversed 26 months of contraction in gross gaming revenue, the only two-digit annual growth rate occurred in November with an increase of 14.4%.

Accumulated gross revenues in the first two months of the year amounted to 42.246 billion patacas (US$5.280 billion), a 10.6% increase when compared with January/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)