According to a local newspaper
Revenue decline in Macau’s nine casinos in first half 2012
2012-09-28
Reading time 35 seg
(Macau).- Nine casinos saw their gross gaming revenues plunge year-on-year in the first half of this year, according to data reviewed by Portuguese-language newspaper Jornal Tribuna de Macau. The most affected facilities were the Greek Mythology and Grand Waldo casinos, the report says.
One of SJM Holdings’s third-party promoted casinos, Greek Mythology, had gross revenues of us$ 239 million, down by 46 percent year-on-year. This casino was recently involved in a shareholder battle over the control of the property. According to previous reports by our sister publication Business Daily, an agreement to solve the dispute was reached earlier this month.
Between January and June, Grand Waldo, operating under Galaxy Entertainment Group’s gaming licence, posted gross revenues of us$ 29.8 million, down by 62 percent from one year before.
Currently, there are 36 casinos in Macau – the latest opened last week at Sands Cotai Central.
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