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Macau hits 14-month streak of revenue increases

Maca

macau
u’s monthly gaming revenue continued to grow in September as the world’s biggest casino hub extends its 14-month winning streak.

According to data posted by the Gaming Inspection and Coordination Bureau, September saw Macau’s gross gaming revenue rise 16.1 % year-on-year to MOP21.4bn (US$2.7bn).

Analysts speculate the cause of the region’s record 14 straight months of positive growth is due to strong VIP numbers,

As Macau enters Golden Week, it is expected that Chinese national holidays will increase by as much as 5% the number of Chinese visitors in the Cotai district. Gamblers from China have helped sustain growth in Macau during the summer since the number of mainland Chinese visitors to Macau surpassed two million in both July and August, according to official data.

Moreover, this week the government of Macau will release a 15-year plan to boost tourism with key objectives including plans to rebrand Macau into a multi-day destination and managing local tourism capacity.

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