Results missed analyst estimates
Macau gaming revenue rises 26.9% in June
According to figures released by Macau’s Gaming Inspection and Coordination Bureau, casino revenue in the former Portuguese colony collected USD 2.5B during last month.
2017-07-03
Reading time 36 seg
According to figures released by Macau’s Gaming Inspection and Coordination Bureau, casino revenue in the former Portuguese colony collected USD 2.5B during last month.
The growth in gaming revenue is the highest since February 2014. However, policy risks remain as Macau’s government and Chinese authorities put in new regulations to deter capital outflows from the mainland, including facial recognition technology on automated teller machines to curb money laundering.
““New casinos opened by companies including Wynn Resorts and Las Vegas Sands are wagers that revenue will keep accelerating amid increasing competition.
”
At the end of the first quarter of 2017 there were 39 casinos in Macau run by six concession holders, 21 by Sociedade Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, four by Melco Crown Jogos (Macau), two by Wynn Resorts (Macau) and one by MGM Grand Paradise, which had 6,423 gaming tables and 16,018 slot machines.
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