Macau Revenues Up 4.4% in February

This story was published more than 1 year ago.

Asian betting destination Macau saw its fortunes turn in February, hitting MOP 25.36 billion in gaming revenues during the month, up 4.4% from the year prior.

The increase comes on the back of the Chinese New holiday, which sees a bunch of tourists coming in from mainland China. Macau brought in more than a million visitors over the holiday, which is up 26.6% from the year prior. This surge in visitors comes as there's a new bridge that opened last fall.

The jump in revenues comes a month after the revenue growth streak of 29 months was broken, as revenues were down 5% in January. Because of the down month, year to date numbers are down 0.5% in terms of Gross Gaming Revenues. It's thought that a decline in the number of lucrative VIP players is largely behind the bad January, with an analyst noting: "VIP likely dipped into negative territory on a market-wide basis, although certainly mixed at the operator level. On a GGR/day basis, February was MOP906 million … or the highest level since the fall of 2014."

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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4 March 2019 - 9:19pm
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Not a bad numbers that for the world's biggest gambling resort..a million tourists over the holiday..quite staggering..in fact I'm surprised the growth in revenues is not even higher than those 4.4%...but surely they won't complain about it.