Published
Land-BasedCasinoFinancialIndustry

Macau gambling profit shot up for 2017

The Macau gaming industry amassed profit of 157.74 billion yuan in 2017 ($23bn), an increase of 19%, despite a decline in corporate deposits and interest income.

Macau

Total expenditure, meanwhile, amounted to 149.89bn yuan, due to a rise in purchases, commissions and customer rebates.

Operating and non-operating costs both also saw an increase, while the total fixed capital formation of the industry decreased significantly by 87% to 950m yuan.

Nevertheless, the overall impact of Macau’s gambling industry increased, providing an 18% year-on-year rise in the total value added of its contribution to the economy (179.07bn yuan).

Macau's casinos generated casino gaming revenue of 265.74bn yuan last year, up 19% from 2016.


Asia News Sponsor
Premium+ Connections
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...