Macau: Gross gaming revenues down 0.4 % year on year in March
Friday 05 de April 2019 / 12:58
2 minutos de lectura
(Macau).- Macau gross gaming revenues decreased 0.4 per cent year-on-year in March 2019 to 25.84 billion patacas (US$3.2 billion), data released by the Gaming Inspection and Co-ordination Bureau (DICJ) on Monday revealed.
The figure represented the highest revenue haul so far this year and was in line with analyst expectations of flat growth to a decline of 6 percent.
Accumulated gross gaming revenue for the first three months of the year has totalled MOP76.2 billion, a decrease of 0.5 per cent when compared to the same period last year. The figure beat February’s 25.4 billion patacas.
As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.
Located on China’s southern coast, Macau is highly dependent on gambling revenue to buffer its finances. Taxes from casinos currently account for over 80 percent of the government’s total revenue.
Authorities have hardened calls for operators to diversify away from solely gambling and broaden Macau’s economic base to lessen the territory’s reliance on the glitzy casinos.
The Macau government extended casino licences for MGM China and SJM Holdings until 2022, bringing them on par with other operators. Both operators are required to pay a one-off fee of 200 million patacas (US$ 25 million).
Categoría:Casino
Tags: casinos,
País: Macao
Event
Peru Gaming Show 2025
18 de June 2025
IAG Play Stood Out at PGS 2025 with Innovative Games and Latam Expansion
(Lima, SoloAzar Exclusive).- Fernando Polti, CTO of IAG Play, shared insights about the products showcased at the 2025 Peru Gaming Show, emphasizing a strong offering inspired by the gaming universe. With titles like high-volatility Crash Games, immersive Fantasy experiences, and the successful Scratchers, the company captivated operators and regulators, sparking new partnerships across Peru and Latin America. What makes their portfolio stand out? Read on to discover.
Friday 04 Jul 2025 / 12:00
Omnichannel Explained by Experts: Strategies to Lead the New Era of Gambling in Latin America
(Lima, SoloAzar Exclusive).- During the second academic day of the Peru Gaming Show (PGS) in Lima, the conference “Omnichannel Strategy: Maximizing Revenue and Achieving Operational Efficiency” brought together industry experts to analyze how the integration of physical and digital channels redefines the success of suppliers and operators in the regional gaming industry.
Friday 04 Jul 2025 / 12:00
"PGS 2025 is a must for players in the igaming world", Diego Verano, EEZE
(Lima, SoloAzar Exclusive).- During his first participation in the 2025 edition of the Peru Gaming Show, Diego Verano, Director of Business Development LatAm at EEZE, talked to SoloAzar about his experience at the event, his interest in the LatAm market and his vision on the evolution of the sector in the region.
Thursday 03 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.