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Macau casinos record strongest month of the year

The Macau casino market broke its monthly revenue record for the year in August, reaching MOP26.56bn ($3.27bn), up 17% year-on-year.

Macau

Previously, the record for revenue from games of fortune in 2018 was MOP26.26bn set in January. Since January, no other month has managed to reach over MOP26bn.

Accumulated gross revenue for the year now stands at MOP202bn, up 18% compared to the total reached at the same time last year, following 25 consecutive straight months of growth.

Many analysts feared there could be a large impact on monthly gaming revenue figures caused by the escalating US-China trade war, which is expected to slow Chinese economic growth and in-turn Macau’s too.

Operator Wynn Resorts reported a 15% decrease in revenues from its Wynn Macau at the start of August. However, for the time being, these concerns have not manifested.

It will be interesting to see how Macau’s latest gaming property, the luxurious 13 Hotel, impacts future revenue figures having been granted a gambling licence on 15 August.

The approximately 200 duplex suites and villas were built to attract the ultra wealthy VIP gambling market, the same market that analysts fear will be the most heavily impacted by the trade war.


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