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.
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.
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