Macau gaming revenue to rise above 50 percent in 2010: regulator

The director of the Gaming Inspection and Coordination Bureau Manuel Joaquim das Neves has raised his estimations for the overall growth of casino gross gaming revenue in Macau for the whole of 2010. “It is now possible to say that [gaming revenue] will increase more than 50 percent year-on-year”, Mr Neves told Macau Daily Times. His prior estimation was a yearly increase of around 30 percent. Mr Neves also said that the first days of October have been “very positive” for the local gaming industry. “We have pulverised daily records for two days in a row [during the Golden Week]. On October 3 the gross gaming revenue set a new day record, and it beat that on the next day,” Mr Neves said. Macau’s casino gross gaming revenue reached MOP15.3 billion (US$1.9 billion) last month. It represents a yearly increase of 39.8 percent, according to official data. This is the slowest monthly year-on-year growth rate registered so far in 2010. The total casino gross gaming revenue for the nine months through to September rose 60.1 percent year-on-year to MOP133.24 billion. That is more than what the local casinos raked in for the overall 2009 (MOP119.4 billion).