Tuesday, February 21, 2017

Casino revenues of Macau rose 3.1% in January

Indicators of Macau casino profitability show an increase of 3.1% (in monetary terms - USD 2,4 billion) for January 2017.
Revenue growth observed in January this year by the Macau gaming business. A month rate stood at 19.3 billion MOP, which corresponds to USD 2,4 Bln.

Revenues of Macau gambling businesses severely affected by the crackdown and the economic slowdown but began to show positive momentum from August 2016 after the opening of new resorts that helped attract more players.

It should be noted that representatives of the Macau gaming regulator published data showing a decrease in annual gross gaming revenue (GGR). Information released January 1, 2017.