Macau Revenues Hit Two-year High In February

Recovery continues after prolonged anti-corruption drive by central Chinese government

The month of February 2017 has seen a continuation in the improved revenues flowing from gambling operations on Macau, with the latest numbers from the regulator published Wednesday revealing that revenue hit a two-year high by the end of the month, underlining the steady recovery from a three-year drought created by an economic slowdown in China and restrictions imposed on gamblers and travellers by the central government.
New casino resorts have helped drive business by attracting mass gamblers as well as VIP spenders, and in February operators reported revenues of 23 billion patacas ($2.9 billion), up almost 18 percent from 19.5 billion patacas a year ago and the highest since January 2015.
The Reuters news agency reports that the increases were also due to a higher number of visitors over the national new year holiday at the start of the month.
Resorts and junket operators all reported improving revenues since the second half of 2016, with operators reiterating that their focus is now primarily on the mass market due to the steady growth of leisure visitors and the government's aim to shift away from casinos toward more family friendly activities.
More new resorts are in the pipeline for Macau as the gambling hub faces growing competition from emerging Asian casino hubs, including Japan, which passed laws legalising land casino activity in December.

Online Casino News Courtesy of Infopowa

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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.

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