THE PULSE OF THE CASINO INDUSTRY

Chinese New Year hits Macau revenues in February

Copyright: leungchopan / 123RF Stock Photo

Monthly gross gaming revenue for Macau casinos grew by 5.7 per cent in February, year on year, to MOP24.3bn (€2.48bn), a significant slowing from the 36.4 per cent year-on-year gains posted in January.

There was also a monthly drop from January 2018, which has seen a monthly gross revenue of MOP26.26bn (€2.67bn). Analysts suggest that the timing of Chinese New Year was a factor in holding down February GGR.

However, the figures, published by the DICJ, Macau’s Gaming Inspection and Coordination Bureau, show that year-to-date figures compare favourably, with the first two months of 2018 accumulating gross revenue of MOP50.56bn (€5.15bn).

The two-month GGR represents a near 20 per cent gain on the same point in 2017.

Stewart Darkin

Stewart Darkin

Stewart has been in gaming journalism since 2012, working across online and land-based betting and gaming sectors, in both print and digital media. Following five years as editor of iNTERGAMINGi magazine, Stewart joined SBC in January 2018 to oversee the growth and development of the CasinoBeats brand. He has a wife, two kids, two dogs and two degrees, and – as a Spurs fan – continues to believe that the good times are just around the corner.

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