Macau Revenues Down Again In July

Further 3.6 percent y-o-y fall recorded

Gambling revenue in Macau fell 3.6 percent year-on-year in July, reports the Reuters news agency, attributing the second consecutive monthly decline in the Asian gambling enclave to the lingering impact of World Cup football in June and July.
Macau's 35 land casinos reported that revenue fell 3.6 percent to 28.4 billion patacas ($3.56 billion) in July from 29.5 billion patacas a year earlier. Analysts were expecting a drop of between 2-5 percent.
Official numbers released by the Macau Gaming Inspection and Coordination Bureau suggested that the World Cup, which ended mid-July, distracted Asian punters while business from high-stakes gamblers remained weak.
Macau's casino revenue fell 3.7 percent to 27 billion patacas in June, the first decline in five years.
"We continue to believe 2014 will be choppy as VIP growth likely remains weak into fourth quarter and we haven't seen a sustained improvement in revenues post World Cup," gaming analyst Cameron McKnight, a New York-based analyst at Wells Fargo & Co., wrote in a research note, adding that China's anti-corruption campaign "could impact player sentiment and spending."

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 1,831
Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

See More Posts