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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

New gaming revenue record in Macau


Posted: 11/1/2013 12:57:34 PM
Rating:     0% ( votes)
  

Casinos in Macau have set a new record for monthly gross gaming revenue.

With a gross revenue of MOP36.5 billion (US$4.6 billion), October’s take by Macau’s casinos surpassed the MOP31.3 billion record set in March, according to data from the Gaming Inspection and Coordination Bureau.

Casino gross gaming revenue in October was up 31.7 percent year-on-year, the highest growth rate registered so far in 2013.

The total casino gross gaming revenue for the first 10 months of 2013 was up 18.4 percent year-on-year to MOP297.1 billion.



Headlines

MGM Resorts bond conversion to cut borrowing

Casino operator converting US$1.45 bln worth of bonds into company stock

Crackdown on graft boosts Macau casino debt yields

Prices of Wynn Macau, Melco Crown Entertainment debt drop to lowest ever

Govt taking steps to share tax info more easily

To change the law to bring tax info exchange practices up to OECD standard

Melco Crown Entertainment gives boss a pay rise

Casino operator reports increase in H1 net profit on higher net revenue
Other Macau Latest News

Macau junket operators crucial to Cairns casino

Consultant says VIP gaming promoters are the best kind of marketing men

A casino in Tokyo by 2020 looking less likely

Construction costs are rising and the city govt’s eagerness is on the wane

Hong Kong political ructions buffet casino stocks

Prices of shares in most Macau casino operators listed there take a tumble

Property price drop of 5-10 pct predicted for Q4

Estate agent thinks market will react to ‘aggressive’ asking prices in Q3

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