LAST BLAST?
9 January 2009
At least until the recession is over...
The Xinhua news agency reports that Macau gaming
revenues reached record levels - mainly before the
recession hit - of US$13.7 billion over the whole of
2008. The statistics indicate a year-on-year increase of
31 percent to a record 108 billion patacas (US$13.7
billion).
According to the statistics from the Special
Administrative Region's (SAR) Gaming Inspection and
Coordination Bureau, gaming revenues of the SAR, the
only place in China where gambling is legal, stood at
83.8 billion patacas (10.6 billion dollars) in 2007,
growing by 45.7 percent over the previous year.
Among the six gaming concessionaires in Macao, SJM, a
gaming company run by local tycoon Stanley Ho, was the
market leader last year, while the two U.S. gaming
operators Venetian Macao, owned by Las Vegas Sands, and
Wynn Resorts dominated the second and third positions.
By far, the SAR, with a population of only 550 000, has
31 casinos, 19 of which are run by the SJM, but the
largest one, Venetian Macao casino resort, is operated
by the Las Vegas Sands. The latest statistics also
showed there are a total of 4 312 gaming tables and 12
835 slot machines in these casinos.
Macao generated gaming revenues of 7.6 billion patacas
(US$ 962 million) in December 2008, dropping by 7
percent year-on-year. After a long period of strong
growth, the SAR's gaming sector saw its first slowdown
in September last year, dropping by 3.5 percent
year-on-year.
The latest figures from Las Vegas Convention and
Visitors Authority showed the Las Vegas Strip recorded
gaming revenues of US$ 5.2 billion in the first 10
months of last year.
Online Casino News Courtesy of
Infopowa
More news here.
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