Macau Revenues Up Sharply in February

Macau casinos in February saw revenues surge to a two year high, as the industry brought in 23 billion patacas for the month, up 18% compared to the year prior.

The casinos brought in higher numbers thanks to the opening of new properties and finally striking a balance between middle-class and elite VIP players. The revenues were also boosted from the Chinese New Year holiday, which fell at the beginning of the month.

Macau's gambling numbers have rebounded recently after suffering massive drops in revenue due to a crackdown on Chinese corruption by officials as well as a cooling economy. In the wake of those drops the casinos in Macau adjusted by catering toward China's large middle class. Since the second half of 2016 began, all casinos in Macau have reported higher numbers.

There are also several new casinos gearing up to open within the next few years, which will help sustain those revenues, although moving forward Macau will face more regional competition as Japan recently legalized casinos in their country.

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bgsharpe
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2 March 2017 - 11:02pm
#1

Obviously the future of Macau as a gambling destination looking brighter now, the involvement of the players who suppose to be a middle class was the vital move I think and a wise one I must say.

krcoolsongss
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6 March 2017 - 8:36am
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I went to Macau a few times. I travelled on the one hour cruise from Hong Kong. Macau is great for gambling and rest with many glamorous casinos, nice restaurants, tour sites, safe and clean street, etc.

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bgsharpe
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7 March 2017 - 1:33am
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coolsongss wrote:

I went to Macau a few times. I travelled on the one hour cruise from Hong Kong. Macau is great for gambling and rest with many glamorous casinos, nice restaurants, tour sites, safe and clean street, etc.

But I guess that weren't in February right, you weren't the reason for their increased revenues right Wink