International edition
October 19, 2021

The strong revenue growth is likely to continue into the fourth quarter

Macau casino gambling revenue rises

(Macau).- Macau's casino gambling revenue rose 22.3% in the third quarter to a record high of us$ 3.81 billion, from us$ 3.1 billion a year earlier, the city's Gaming Inspection and Coordination Bureau said this week.

T

he strong revenue growth is likely to continue into the fourth quarter because of a low comparison-base effect, but the breakneck growth of the recent past is unlikely to return anytime soon. The Macau government said earlier this month it had met the city's six casino operators and would review the size and growth of the industry to prevent "unlimited expansion."

The government said the review would include the number of gambling tables in Macau, which totaled 4,610 at the end of September, up from 4,390 at the end of June, according to figures from the gaming bureau. The government would also seek to raise the entry-age limit for casinos to 21 from 18.

Beijing tightly controls travel to Macau, the only place in China where casino gambling is allowed. A temporary easing of visa restrictions for residents of Macau's neighboring Guangdong province after a rough period for the city helped to boost third-quarter gambling revenue, but visa restrictions have recently been tightened again.

Individuals from mainland China can now receive a visa for Macau only once every two months, a change from before October 1, when they could obtain a visa once a month. In 2002, Macau ended a 40-year monopoly on casino gambling in the territory enjoyed by casino businessman Stanley Ho.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook