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gambling revenue

Macau casino’s revenue decline in Q1 ‘expected’

Macau casino’s revenue decline in Q1 ‘expected’

Secretary for Economy and Finance Lionel Leong Vai Tac said on Tuesday the 13.3 percent year-on-year decrease in the city’s casino revenue in the first quarter was what the government had expected. The Gaming and Inspection Co-ordination Bureau (DCIJ) announced on Friday that the casino sector’s gross revenue fell 13.3 percent year-on-year to 56.17 billion […]
Macau’s gambling revenue growth best in 20 months

Macau’s gambling revenue growth best in 20 months

Macau on Tuesday (Mar 1) posted its best monthly gambling revenue performance since October last year and the smallest drop in growth in 20 months as an increase in Lunar New Year tourists boosted the world’s largest casino hub. Macau’s economy, which relies on the casino industry for over 80 per cent of government revenues, […]
SJM records in Macau a 38.7 percent fall in revenue

SJM records in Macau a 38.7 percent fall in revenue

SJM Holdings Ltd. announced yesterday its audited consolidated annual results of the company and its subsidiaries for the year ending Dec. 31, 2015. Gaming revenue for the group amounted to HKD48.59 billion, a 38.7 percent fall over 2014, which recorded almost HKD79.27 billion in revenues. According to a statement issued by SJM, last year the […]
Macau’s gaming revenue drops 21.4 percent in January

Macau’s gaming revenue drops 21.4 percent in January

Macau’s gross gambling revenues in January dropped 21.4 percent on yearly basis to 18.67 billion patacas (about 2.33 billion U.S. dollars), according to figures released by Macao Gaming Inspection and Coordination Bureau on Monday. Gaming industry of Macau kept its downturn trend from the start of 2016, marking the 20th consecutive monthly decline, but the […]
Macau gaming revenue fell 34 per cent in 2015

Macau gaming revenue fell 34 per cent in 2015

Macau’s gambling revenue ended 2015 with a whimper, falling for a second straight year as China’s corruption crackdown continued to keep high rollers from the Asian gaming hub. Revenue slid 34.3 per cent to a five-year low of 230.84 billion patacas ($28.92 billion), according to numbers released by Macau’s Gaming Inspection and Coordination Bureau. Gaming […]
Macau’s gambling revenue plunges by a third in November

Macau’s gambling revenue plunges by a third in November

Gambling revenue in Macau plunged 32.3 percent in November from a year earlier, extending a decline from the previous month and hovering near five-year lows as the world’s biggest gambling hub struggled to attract wealthy Chinese punters. Revenues in Macau have fallen for 18 consecutive months due to slowing economic growth and a broader crackdown […]
Macau’s casino revenue fell for the 17th straight month

Macau’s casino revenue fell for the 17th straight month

Macau’s casino revenue fell for the 17th straight month, as increased visits over China’s National Day holiday week failed to boost traffic at betting tables in the world’s largest gambling hub. Gross gaming revenue fell 28.4 percent year on year to MOP20.1 billion (USD2.5 billion) in October, according to data released by Macau’s Gaming Inspection […]