For the current year, from January through November 30, revenues have increased by 19.5% over 2016 figures. Analysts are anticipating December 2017 growth to be a 23%, for a full year revenue figure of 20pc +.
Macau has reported 7 months of 20% + revenue increases year on year in 2017. This will be the first full year of growth in 3 years for the Portuguese colony.
The revenues reported by the Gaming and Inspection Bureau suggest that the land-based casino industry is growing at a healthy rate. For the full year ending December 31, 2017 industry analysts anticipate Macau gambling revenue will reach up to USD 4.15bn.
Casinos on the Macau Cotai Strip have performed strongly, including Galaxy Entertainment Group Limited, Wynn Macau Limited, and Sands China Limited. Revenue was boosted by VIP players wagering around USD151,000 per bet, however macroeconomic concerns could impact GGR figures.
Macau’s economy is also considering diversification measures by opening family-friendly entertainment options at its 6 licensed casinos. Increasingly strict regulation has generated uncertainty among operators, but that has not reflected in the strong growth for the year to date.
Source: GMB / Onlinecasinoreports.com
