Macau casino revenue may grow 42% this month
Revenue from gambling tables at the former Portuguese colony’s six casino operators reached US$ 934 million in the first 10 days of the month, Aaron Fischer, the brokerage’s head of consumer and gaming research, said in a note. That would imply a full-month figure of US$ 23 billion, including slot machines, 42 % more than a year ago and 12 percent higher than last month, he said.
Macau casino companies including Billionaire Stanley Ho’s SJM Holdings and Sheldon Adelson’s Sands China have benefited from rising tourism. The Chinese city’s casino operators’ total gambling revenue last year grew 58 % to US4 23 billion, about four times that of the Las Vegas Strip. It’s up 45 % to US4 15 billion in the first six months of the year, according to government data.
Galaxy, part-owned by Permira Advisers, in May opened its US$ 2 billion Galaxy Macau, with 450 tables, on the Cotai Strip, where Adelson has said he aimed to replicate the theme resorts of Las Vegas.
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