Revenue at Macau casinos falls 3.4% in 2019

3 January 2020

Gross gaming and gambling revenues at Macau casinos in December recorded the biggest on year contraction in 2019, with a drop of 13.7% to 22.838 billion patacas (US$2.854 billion), said the region’s Gaming Inspection and Coordination Bureau.

After recording year-on-year growth since August 2016, 2019 had just four months of revenue growth, with the remaining eight months of contraction, some of which with high percentage variations. This included January, with minus 5.0%, minus 8.3% in April, August with minus 8.6%, minus 8.5% in November and now minus 13.7% in December.

The gross revenue raised over 2019 fell by more than 10 billion patacas compared with 2018, totalling 292.455 billion patacas (US$33.556 billion), or a decline of 3.4%.

Gross revenue in 2018 totalled 223.210 billion patacas (US$27.901 billion).

At the end of the third quarter of 2019 Macau had 41 casinos, 22 of which owned by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, two by Wynn Resorts (Macau), four by Melco Crown (Macau) and two by MGM Grand Paradise, which altogether had a total of 6,756 tables and 17,348 slot machines. (macauhub)