2018 Saw Macau Revenues Rise Again

Macau's gaming revenues grew for the second straight year, as 2018 numbers were up 14% from 2017.

December revenues were up 16.6% from December 2017 at 26.47 billion patacas. The numbers eclipsed even the high end of analyst expectations, which were in the 10-15%. The month ended up being the 29th straight month of growth for gaming revenues in the market.

Full year numbers reached 302.85 billion patacas, which marked a second consecutive period of growth for the world's largest betting market. Moving forward, there are some reasons to be concerned with Macau's growth, as a slowing economy and continuing trade war between China and the United States could see disposable income dry up.

Macau's government derives 80% of their tax revenues from gambling, and the former Portuguese colony is looking for ways to keep the tourists coming. They are working to finish a bridge between Hong Kong and Macau, which should be ready at some point later this year.

In 2019 we'll continue to monitor Macau's financial performance and will bring the info to your screen.

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bgsharpe
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4 January 2019 - 2:33pm
#1

Obviously they've done great in second straight year which is a big bounce back from the 2017 when there was huge drop in numbers.
But we're about to witness if Macau could hold on to these positions...and that probably doesn't look too likely because of some of the reasons Kingston Li mentioned above.

krcoolsongss
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18 January 2019 - 1:34pm
#2

Huh, surprisingly, the revenue grew by 14%...
What I don't get is how they could manage the loss during the severe typoon hit in last summer.
The damage was quite serious from my memory.

It is a bit weird.

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