Macau Revenues up 10.3% in July

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.

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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.

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