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
G2E - Las Vegas 2025
06 de October 2025
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
G2E 2025: Cristian Galarza, ASAP Director Explains the Importance of Attending the Event
(Las Vegas, SoloAzar Exclusive). - After attending the 25th anniversary edition of G2E in Las Vegas, ASAP’s director shares his perspective on the evolution of the industry, driven by digitalization, efficiency, and the creation of international networks that foster new business opportunities.
Tuesday 28 Oct 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.