Macau Rebound Continues

Macau's financial rebound continued in March, as the location's casinos brought in 16.3% more revenue than they did the month prior.

Macau's revenues were improved for the period, as the casinos brought in 20.2 billion patacas ($2.52 billion USD) for the month, which was up 16.3% from last year. The industry has suffered in recent years as China has had a crackdown on extravagance, which led to lucrative VIP players going elsewhere. That move actually put the casino industry into a huge lull, although it was still by far the largest gambling market in the world.

Analysts were predicting an increase in revenues of between 13-17%, and the estimates appeared to be coming in on the higher side of things. It will be interesting to see if the rebound can continue, as new properties are gearing up to open in the near future, and many of the properties have begun to cater toward more of the Chinese middle class.

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bgsharpe
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14 May 2017 - 8:22pm
#1

Obviously there's big improvement in the revenues in Macau, which I guess giving a great hope for the future to the locals, that's in result of their changed approach which includes more attention to the middle class players instead of concentrating just on VIP's I guess.

lvblck
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16 May 2017 - 11:52am
#2

I can agree with you, increase in revenue is always a good thing and I am glad they are doing better than before.