Thursday, August 8, 2013

Macau Reports 20 Percent Increase in Casino Revenues


The gambling industry in Macau is still at the top of its game, considering that casinos in the region managed to rake in revenues which were 20 percent higher than the ones collected in July 2012. The Macau Gaming Inspection and Coordination Bureau revealed that gambling establishments in this area generated $3.5 billion in gross gambling revenues, these figures exceeding the expectations of analysts, who were concerned that the Asian economic slowdown would affect the gaming and betting market.
Gaming analyst Rachael Rothman explained that gaming revenues will most surely not be altered by the economic slowdown, considering that the industry saw record revenues in March 2013 which have constantly increased until this point in time. As for the first seven months of this year, the gaming market collected revenues which are up 16 percent compared with the same period last year.
Gaming insiders are saying that they expect to see a significant increase in all Macau relevant gambling segments, the market being expected to generate record revenues in the near future. Above all, analysts predict that this prosperous gambling hub will see $22 billion in new investments by 2017, while operators who start land based casinos will most surely collect attractive revenues.

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