Macau 2012 Gaming Figures
January 14th, 2013 at 1:05:00 PM
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Macau’s casinos ended 2012 with a double record: gross revenue in December leaped 19.6 percent year-on-year to 28.2 billion patacas (US$ 3.5billion), trumping the previous monthly record of 27.7 billion patacas in October, while last year’s gross receipts reached a record 304.1 billion patacas ( US$ 38 billion), up 13.5 percent on 2011.
Last month’s gross receipts rose 13.5 percent month-to-month.
2012 was the first year for the local casino industry’s gross receipts to exceed 300 billion patacas.
The industry topped the 200 billion pataca gross revenue threshold for the first time in 2011 and 100 billion patacas in 2009.
However, last year’s gross receipts eased off from the year before, when the industry rocketed 42.2 percent to 267.9 billion patacas, as the mainland’s economy slowed and affected high-rollers who flock to Macau’s gaming tables.
Despite that, analysts said that Macau’s better-than-expected December gaming revenue suggested that a rebound was in sight.
This compared to a 3.2 percent year-on-year growth in October and an increase of 7.9 percent in November.
Macau overtook Las Vegas as the world’s gaming capital in terms of revenue after the casino sector was opened up to competition in 2002, ending a monopoly that had been in place since 1937, the last four decades of which by Stanley Ho Hung Sun’s STDM.
from Macau News
Last month’s gross receipts rose 13.5 percent month-to-month.
2012 was the first year for the local casino industry’s gross receipts to exceed 300 billion patacas.
The industry topped the 200 billion pataca gross revenue threshold for the first time in 2011 and 100 billion patacas in 2009.
However, last year’s gross receipts eased off from the year before, when the industry rocketed 42.2 percent to 267.9 billion patacas, as the mainland’s economy slowed and affected high-rollers who flock to Macau’s gaming tables.
Despite that, analysts said that Macau’s better-than-expected December gaming revenue suggested that a rebound was in sight.
This compared to a 3.2 percent year-on-year growth in October and an increase of 7.9 percent in November.
Macau overtook Las Vegas as the world’s gaming capital in terms of revenue after the casino sector was opened up to competition in 2002, ending a monopoly that had been in place since 1937, the last four decades of which by Stanley Ho Hung Sun’s STDM.
from Macau News
