Analysts say the strong gross gaming revenue performance during the first nine days of July ‘bodes well for upcoming summer holidays.’
Macau gaming
According to the Gaming Inspection and Coordination Bureau, 84 percent of gross revenue earned from gaming in the first quarter of 2023 came from this one game.
Gaming concessionaire reports mixed results for the year when it opened its new trophy property, Grand Lisboa Palace.
Rating agency’s move comes as gaming operator seeks new HK$19 billion loan amid uncertainty surrounding industry’s future in Macao.
Macau casinos’ gross gaming revenue increased by 10 percent year-on-year for July.
Casino gross gaming revenue in Macau rose by 27.6 percent year-on-year in April, to MOP 25.7 billion (US$3.2 billion), according to the Gaming Inspection and Coordination Bureau (DICJ).
Macau’s casino gaming revenue in 2017 grew by 19.1 percent to MOP265.74 billion (US$33.02 billion), according to the Gaming Inspection and Coordination Bureau ( DICJ).
According to data from the Financial Services Bureau (DSF), Macau made MOP 7.3 billion (US$907.3 million) from gaming taxes in January. The amount represents an increase of 7.7 percent year-on-year, compared to the same month in 2016.