Macau Numbers Up 22.1% in October

This week Macau's gaming regulator released their October 2017 financial results, noting that revenues for the period were up 22.1% from the same time last year.

Casino revenue in the former Portuguese colony hit 26.63 billion patacas ($3.31 billion USD) last month, which is the highest take in three years. The haul beat industry expectations, as analysts thought the jump would be between 19% and 21%. The rise is thought to be the result of a strong Golden Week national holiday. For the year to date, the gaming location has brought in 220 billion patacas, up 19.2% from the year prior.

Speaking about the performance, gaming analyst Harry Curtis said, "Our latest consultant checks point to a noticeable pickup in demand following the 19th Party Congress in China, with VIP and mass revenue up about 30 percent and 9 percent year-over-year, respectively."

Macau has rebounded nicely over the past few years after the Chinese government cracked down on wealth and extravagance. That crackdown has ended, and VIP players are back to playing baccarat at high levels.

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bgsharpe
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4 November 2017 - 10:02pm
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Great news for Macau really, they not only nothing huge growth in revenues but even highest points of it for years, obviously Chinese government latest actions affected very positively Macau's business.

Pharidodot

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5 November 2017 - 7:11am
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I think it's very satisfying results from their heavy work, this is the backflow of the rise of the casino industry macau after several years of hard times, macau is one of the places that became my list of visits, so hopefully soon enjoy the beauty of macau ...