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.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...