acau’s casinos gross revenue grew by 4.4% year-on-year in February to USD 3.171 billion, but did not offset the 5.0% decline recorded in January, the region’s Gaming Inspection and Coordination Bureau.
Accumulated revenue since the beginning of the year reached 50.312 billion patacas (US$6.289 billion), or a fall of 0.5% compared to the first two months of the year.
Macau’s gambling revenue in 2018 grew 14% to 302.846 billion patacas (US$37.6 billion), according to official figures released by the Gaming Inspection and Coordination Bureau.
The six Macau gaming concession holders had 41 casinos at the end of 2018, of which 22 are operated by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, four by Melco Crown (Macau), two by Wynn Resorts (Macau) and two by MGM Grand Paradise, with 6,588 gaming tables and 16,059 slot machines.
Greater Bay Area
China in February issued guidelines for developing a "Greater Bay Area" around the Pearl River Delta, in a bid to spur growth in Guangdong province and the cities of Hong Kong and Macau.
Authorities have hardened calls for operators to diversify away from solely gambling and broaden Macau's economic base in order to lessen the territory's reliance on the glitzy casinos.
Gaming companies operating in Macau have another worry. Licenses of the six concessionaires -Sands China, Wynn Macau, SJM Holdings, MGM China, Melco Resorts and Galaxy Entertainment - begin expiring next year.