Macau February gaming revenue forecast to rise 14-19 percent

The news agency quotes a note by Credit Suisse analysts, led by Kenny Lau, as attributing the rise to an increase of 32 percent in the number of visitors from the mainland. The note says casino gross revenue from VIP gaming may have increased slightly.

The Macao Gaming Inspection and Coordination Bureau said Thursday casinos in the Chinese enclave collected us$ 3.6 billion in gaming revenue from customers during January, a 7 percent increase from January 2013.

According to a Jornal Tribuna de Macau report, 40 percent of the city’s gaming revenue last year came from Cotai’s casinos. The Portuguese-language newspaper says Cotai casinos generated USD 17.95 billion in revenue last year. The Jornal Tribuna de Macau says revenue from Cotai’s casinos grew 33.8 percent last year compared to 2012.

SJM Holdings had the highest casino gross gaming revenue last month, taking 23 percent of the market, one percentage point less than in December, according to Business Daily. Sands China kept the second-largest share of the market: 22 percent or one percentage point less than in December.

Galaxy Entertainment Group had 20 percent, two percentage points more, and Melco Crown Entertainment had 14 percent, the same as before. MGM China Holdings had 11 percent, one percentage point more.

Besides, Wynn Macao had 9 percent, two percentage points less. The hotel and casino firm has cited the success of its business in Macau as the main reason behind a year-on-year jump in revenue during the year ended December 31, 2013. The company posted net revenue of us$ 5.6 billion for 2013, an increase of 9.1% on the us$ 5.2 billion recorded in the previous year.

Macau’s casinos had us$ 3.6 billion in gross gaming revenue last month, 7 percent more than a year earlier.