Macau’s casinos report 46% boom in revenues
At a time when both Las Vegas and, more significantly, Atlantic City have admitted to falling player numbers and declining revenues, the Far Eastern gaming market looks to be booming.
According to the latest figures from MarketWatch, Macau’s casino gambling revenues soared by 46 per cent to $2.55 billion over the third quarter of the year.
This latest income brings the total revenue for the region’s casinos for the year so far to around $6.75 billion, 47 per cent higher than the results posted for the same period in 2006.
With Macau being the only place in China where gambling is legal, it consistently attracts high-rollers from across the region, a major factor behind its strong performance.
In addition, the recent opening of MGM’s prestigious Macau resort has added to the growth of the local economy, which has also been further fuelled by increased flights from both China and the rest of the world, most notably the US.