The spike, to be expected with Macao’s post-pandemic reopening, appears mostly fuelled by online scams and gaming-related offences.
first quarter
The government has now raked in a fifth of the total it hopes to raise from casino operations during this year.
MGM China is about to exceed pre-pandemic gaming revenues for this quarter, analysts say, while Wynn Macau is gaining significant market share.
Macau’s gross domestic product grew 10.3 percent year-on-year in real terms in the first quarter of the year, according to the Statistics and Census Bureau .
Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.