0
$ £

Macau Revenues Finally Show Positive Trend

The world's largest gambling market is on the rebound, as Macau's casino revenues were up 1.1% from the same period last year, the first positive growth for the destination since 2014.

For the month, gambling revenues were 18.8 billion patacas ($2.4 billion USD), and were on the upper end of predictions by gaming analysts. The former Portuguese colony had been experiencing a large drop in gaming revenues due to a Chinese crackdown on corruption and extravagance, which lowered the number of VIP players coming in.

The revenues have grown as more summer traffic saw travelers coming to Macau, as the casinos there have begun catering to the middle-class market to offset the loss of VIP players.

1 reply • Last post

Comments

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3201
Thanks given: 1015
Thanks received: 319
13 September 2016 - 9:26pm
#1

So it's a great sign for the land based business I guess, not only in Macau but I think in Atlantic City and Nevada the results were positive lately so I guess these are all good signs for brick and mortar casinos.

Share this