Macau breaks revenue record
Macau casino operators generated US$2.6 billion last month, which is the biggest revenue amount reported since February 2014.
Macau.- The Gaming Inspection and Coordination Bureau of Macau released yesterday March results and showed a record-breaking income collection since the end of the economic crisis. Last month, Macau casinos’ gross gaming revenue closed on US$2.6 billion, which marked the most relevant growing since February 2014.
On the contrary of what was predicted, March noted an excellent month for the local gaming industry as the year-on-year growth was of 18.1 percent. Since August 2016, the casino sector has been showing signals of recovery of the economic crisis, which lasted over two consecutive years after recent controls on the VIP gaming services in China. March maintained the latest tendency of increase among Macau gaming activities.
According to yesterday’s report, Macau casinos companies revealed a total income of US$7.9 billion during the first quarter of the year, which ended on March 31. The total growth was of 13 percent year-on-year. As JPMorgan estimated, the industry grew 27 percent last month and 19 percent in February.
Casino operators expect that April would become the ninth consecutive month with ascendant reports on the industry. Meanwhile, companies are expecting the complete statement by the Gaming Inspection and Coordination Bureau, which would be released between April 18 and 20.