Macau gambling revenue 2013
Macau raked in $45 billion in gambling revenue in , % more than in , as the world's biggest and China's only casino hub continued to blaze ahead of rival. The Chinese gambling resort of Macau posted gambling revenue of $45 billion (€ billion) for , an increase of % on the previous year. This statistic shows the gross revenue from gaming and gambling in Macau from to Global social casino revenues ; As a Statista Premium.
Casino and Gambling Industry - Statistics & Facts
As a result, casino operators, including Las Vegas tycoons Sheldon Adelson and Steve Wynn, who own properties in Macau, saw earnings growth topple from due to subdued appetite from VIP Chinese gamblers and growing competition from Asian operators such as Galaxy Entertainment Group Ltd. Gambling in Macau's casinos generated approximately Gross revenue from gaming and gambling in Macau Premium Industry-specific and extensively researched technical data partially from exclusive partnerships. This text provides general information. Macau, a special administrative region of China, is the largest casino market in the world, overtaking the previous leader, Las Vegas, in The real risk is that it's the high rollers that continue to sustain Macau even after concerted efforts to boost more family-friendly entertainment and non-gaming streams of revenue. Beijing wants Macau and the Cotai district to be more like Las Vegas, where gambling only accounts for around one-third of a casino's revenue.
Macau gambling revenue hits record in December
WYNN took a hit recently after gaming regulators reported a smaller rise in revenues than expected. Despite pushing non-gambling forms of entertainment at the behest of the Chinese government, VIP gamblers dominated once again and were apparently luckier than expected. While there remains risks to Macau's continued growth, this shortfall doesn't mean the recovery is faltering and the drop in the stocks of these operators represents an opportunity, particularly if their shares continue to fall.
View photos Baccarat chips on a red background. The Chinese government only tolerates the vast wealth that flows into Macau, not actually embracing it, meaning it could crack down again on gambling as it did several years ago causing the gambling mecca's decline.
Several initiatives over the past two years have spooked investors, such as limiting the amount that may be withdrawn from an ATM at any one time, fingerprinting all foreigners entering the country, and banning smoking at gaming tables. If the government really put the brakes on in an attempt to stem capital outflows from the region, that would likely cripple the industry.
But that hasn't been tried yet and the other programs have had little impact. Macau had the highest revenue amounts last year that it's seen since Monthly gross revenue hit View photos Chart of Macau monthly gaming revenues. Chart by the author. A stacked deck Yet the drop in casino share prices because of this one month miss seems foolhardy.
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