Record Revenue For Macau Casinos

The Chinese New Year has not only brought joy and happiness to Chinese people around the world; it has also brought smiles to the faces of Macau casino owners.

The total Macau casino revenue in February jumped to $38 billion Patacas ($4.8 billion US) exceeding last year’s 36 billion. The best month so far was October 2012 when a 36.5 billion Patacas revenue was recorded.

The increased revenue, according to Bloomberg.com, is largely due to expanding shopping malls, entertainment shows and hotel room, which draw mainland Chinese visitors from all over the country.

The Chinese New Year holiday week, from January 31 until February 6, saw a 23% increase in Chinese visitors to Macau. The Macau Government Tourist Office said that more than 700,000 Chinese visited the Portugese enclave.

The 2014 outlook for Macau casinos is very positive as Macau, the only place to legally gamble on Chinese soil, witnessed a 7% growth over January 2014. Even though this growth is not as steep as it once was its total revenue was $45.2 billion over 2013, seven times more than the Las Vegas Strip.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?

FreeBitco.in, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago