By the end of October, the government’s income from gaming taxes had already edged past its target for the whole year.
Macao gaming
Kenneth Feng, president and executive director, said the operator was excited about Macao’s continued recovery and diversification.
The latest figure reflects the gaming bonanza brought about by October’s “golden week” holiday, when the city welcomed almost a million visitors.
JP Morgan says the third-quarter result would have been even better without the stormy weather that swept Macao in September.
The latest numbers from the Statistics and Census Service show that relatively few jobs were available in the gaming sector in June.
CEO Robert Goldstein said he was ‘pleased to see the ongoing recovery now underway in all gaming and non gaming segments progress during the quarter.’
The emergence of new gaming destinations, regionally and further afield, and the future of non-gaming tourism in Macao, come up for discussion.
The month of June is traditionally a flat one for the territory, with Macao’s gaming concessionaires affected by a seasonal slowdown.
Analysts say Macao is capable of generating comfortably more gaming revenue than the government has targeted this year.