According to the government
Macau: Gaming revenue growth to drop in 2012
2012-03-13
Reading time 35 seg
(Macau).- The secretary for economy and finance, Francis Tam Pak Yuen, says Macau’s casino gross gaming revenue growth is expected to post a sharp slowdown in 2012. Mr Tam said he expects the growth rate to be in the low double-digits or high single-digits this year, Macao Daily News reported.
For the whole of last year, local casinos recorded total gross gaming revenue of us$ 33.5 billion, up by 42 percent. For the first two months of 2012, Macau’s casinos reported gross gaming revenue of us$ 6 billion, up by 28 percent. Macau government estimates regarding the growth of the casino industry are traditionally very conservative.
Taking into account the expected revenue from direct taxes from gaming included in the 2012 government budget, presented in November last year, that would actually mean a contraction of the sector, opposing the general view among industry players and analysts.
Leave your comment
RELATED NEWS
New 13,000 sq. ft. hall to host daily sessions
Gila River to open bingo hall at Santan Mountain with four-day launch event
Over 1,400 slot machines
Kansas' Crosswinds Casino announces major expansion with new hotel, expanded gaming floor
COMPANIES
Running June to August
Stretch Network unveils €1.3 million Summer Poker League
New multi-channel effort
FanDuel Casino unveils new ‘Calling All Thrillionaires’ brand campaign
Operating expenses fall 17% to $23.74M
Rivalry reports lower net loss at $16.52 million in 2024 amid strategic overhaul
Policy covers entire supply chain
Zitro announces company-wide global corporate sustainability framework
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
To address regulation, black market and more
Gaming in Germany Conference set for November 11 edition in Berlin
New tracks address regional strategies
SBC Summit adds Global and Emerging Markets stages to meet expanding international interest
Networking, regulation talks, venue tour
SiGMA to hold La Dolce Vita Night event in Rome ahead of Central Europe Summit
15,000 professionals expected
iGB L!VE opens at its new ExCel London home with goal of breaking 2024's attendance record
EVENTS CALENDAR
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
