Macao casinos’ gross gaming revenue rose 228.8% from MOP 2.21 billion in September to MOP 7.27 billion (US$910.9 million) last month.
Business
The Macao government expects the local casino industry to generate MOP 130 billion (US$16.25 billion) in gross gaming revenue next year.
Macao gaming operator MGM China announced Friday that its net revenues decreased by 94% year-on-year to US$47 million in the third quarter.
Gaming operator SJM Holdings said on Thursday that while it has been “severely impacted” by the COVID-19 outbreak and Macao’s ongoing restrictions on entry from the mainland, Hong Kong and other places, as well as the curtailment of transportation channels and quarantine requirements, it has seen “the beginnings of recovery in visitation, hotel occupancy and visitor spending.”
Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas in a move that would mark the mogul’s exit – for now – from the US gambling industry, according to South China Morning Post (SCMP).
The 25th MIF, 2020MFE and 2020PLPEX ended on Saturday, and the three-day exhibitions resulted in the signing of over 100 contracts.
The Macao government insisted today that the special administrative region is not being affected by deflation.
Macao’s number of visitor arrivals surged by 97.7% month-to-month to 449,085 in September.
Macao’s overall residential property price index for June-August dipped by 0.3% over the previous survey period (May-July) to 268.0.