Macau Revenues up 10.3% in July

This story was published more than 2 years ago.

Gambling numbers in Macau were on the rise again in July 2018, as the jurisdiction's gaming regulator revealed that revenues for the world's largest gambling market were up 10.3% for the month.

The results show two full years of consecutive gains in revenues for Macau after slowing for two years after Chinese crackdowns on corruption as well as a slowing economy. The Macau Gaming Inspection and Coordination Bureau revealed that revenues were up to 25.3 billion patacas, which fell in line with analyst expectations of 5-13% growth.

VIP numbers were lower but were moderated by more middle-class play as well as wagers on the FIFA World Cup.

Revenues have been strong in the former Portuguese colony, and with more properties set to open as well as a continued focus on the large Chinese middle class.

No comment from the country's regulator was available as of press time.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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bgsharpe
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6 August 2018 - 8:30pm
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The numbers proved that what Macau casinos doing in the last couple of years is the right the right thing to do, I mean concentrating business to the middle class players, especially Chinese ones who supposed to be a millions out there, so that's the right approach obviously.