Macau, the Las Vegas of Asia, sees gaming revenue jump 28%

Macau’s gambling revenue is up almost 28% since last year.

Macau, an autonomous region on the coast of China where gambling is legalised, saw record growth for the 21st month in a row for its gaming revenue this April.

The region has released figures for April exhibiting a year-on-year increase of 27.6% in gaming revenue. Total revenue reached $3.2bn. This is a huge improvement on the predicted revenue growth for the region which most analysts put at 18%.  

See also:

Macau gambling profits see biggest increase in four years

China to become world’s top film market as box office makes $7.9bn

Asia edition of Business Chief – May issue out now!

The figures may have been boosted by China’s mini “golden week” holiday from April 29th - May 1st, though some of this activity may not yet have been accounted for.

Casino operator Galaxy Entertainment Group, which is based in Macau, posted a 36% rise in earnings on Thursday. The company is one of six major casino operators in Macau and accounts for about 21% of the region’s total gaming revenue.

 

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology