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Gaming

Gaming revenue jumps 82.5 pct in January to USD 1.4B

Thursday 02 de February 2023 / 12:00

2 minutos de lectura

(Macau).- Macau’s gross gaming revenue rebounded in January 2023 after pandemic-related restrictions were lifted.

Gaming revenue jumps 82.5 pct in January to USD 1.4B

Casino revenue skyrocketed by 82.5 pct year-on-year in January to MOP11.6 billion (US$1.4 billion), according to figures from the Gaming Inspection and Coordination Bureau (DICJ).

The uplifting number was revealed days after the city ended the lucrative Lunar New Year holiday when over 498,000 visitor arrivals from mainland China were logged.

January’s performance was the first year-on-year increase since February last year, and the highest monthly revenue since January 2020 when Covid started to wreak economic havoc.

It accounted for 52.5 per cent of the revenue for that month before a three-year slide.

Alidad Tash, managing director of gaming consultancy 2nt8, described the January figure as ‘a great start to the new year for the gaming operators and Macao’.

However, whether the momentum will last remains to be seen, the analyst pointed out.

“While the base mass patrons will increase in visitation in accordance with increased flights into Macao, concerns remain regarding the premium mass and premium direct segments,” Tash said. “The next few months will tell whether or not premium players can make as many trips as the past,” he added. “Furthermore, how easily can they bring large sums of money into Macao, now that the underground junket network has been dismantled.”

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future

(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.

Friday 09 May 2025 / 12:00

21Viral Elevates Its Presence at GAT Expo Cartagena: Innovation, Networking & Business Expansion

(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!

Friday 09 May 2025 / 12:00

GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America

(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.

Thursday 08 May 2025 / 12:00

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