Macau Revenues Up for Third Straight Month

This story was published more than 7 years ago.

For the third straight month gambling revenues in Macau were up from the same period last year, with October's numbers rising 8.8%.

The increased revenues came as Macau casinos brought in 21.8 billion patacas ($2.73 billion) for the month, with casinos outperforming what many analysts in the industry predicted. The rise comes despite lower value of the Chinese Yuan, as well as a rumored renewed crackdown on corruption.

The Macau gambling industry has suffered over the last three years, as the previous crackdown on corruption kept the vitally important VIP high-rollers from visiting. Most of Macau's revenues come from these VIP players, and revenues slipped as a result of them not visiting. In recent months the Macau betting industry has recovered a bit, thanks in large part to focusing on China's growing middle class.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
1 reply • Last post

Comments

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7646
Thanks given: 4239
Thanks received: 1165
16 November 2016 - 10:29pm
#1

Not doubtfully a great signs for the market in Macau after there was a big drop in revenues for maybe a few years, they will accept these even small improvements in revenue any day of the..year.