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Macau Slot sees net profits fall for 2019

Macau Slot saw profits fall by 30% in 2019.
Macau Slot saw profits fall by 30% in 2019.

The instant lottery and sports betting concessionaire reported net profits of MOP154.8 million (US$19.3 million) for 2019.

Macau.- Sociedade de Lotarias e Apostas Mutuas de Macau, known as Macau Slot Co., reported a 30 per cent drop in revenue for the year 2019.

Macau Slot is an instant lottery and sports betting concessionaire that operates soccer and basketball lotteries in the city. The concession is currently effective until 2021.

According to Macau Business Agency, the company reported net profits of MOP154.8 million (US$19.3 million) for 2019, a drop of 30 per cent on the previous year.

The company’s president Ng Chi Sing said: “Last year, we improved the quality of the service and diversified the types of sports betting, according to the preferences of our customers. We will expand the betting center at Hotel Lisboa to offer a more comfortable experience to our customers.”

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