GGR in Cotai has grown from 45.5 per cent of Macau’s total in 2014 to 61.4 per cent at the end of 2017’s fourth quarter.
Macau.- As gambling in Macau continues to thrive, the Cotai district also grows. During the fourth quarter of 2017, GGR in Macau was mainly pushed by Cotai’s figures, which amounted to 61.4 per cent of the total rake.
The large contribution by Cotai meant a 15.9 per cent improvement from the first quarter of 2014, when it reached 45.5 per cent. It was also matched with an 11.3-point increase in all four- and five-star hotel rooms’ percentage contributed by Cotai during that time, rising from 47 to 58.3 per cent.
Information was revealed by Melco resorts through an investor presentation which also reports that Cotai’s share of Macau mass-market GGR rose to 64.2 per cent by the end of 2017 from 51.3 percent in Q1 of 2014.
Melco operates two venues in Cotai: City of Dreams Macau – which will add a fifth hotel tower with space for premium mass gambling tables – and Studio City, the facility that has offered VIP gambling since 2016.
According to Bloomberg, gross gambling revenue is expected to achieve record-breaking figures in 2019 and jump by 14 per cent during next year. After what Melco’s report revealed, expect Cotai to make a big impact in the upcoming growth.