Macau Slot net profits drop by 30pct y-on-y in 2019

Instant lottery and sports betting gaming concessionaire Macau SLOT Co. Ltd (Macau Slot) reported MOP154.8 million (US$19.3 million) in net profits for 2019, a drop of some 30 per cent from the previous year, according to the company’s latest financial report.

‘Last year, we improved the quality of the service and diversified the types of sports betting, according to the preferences of our customers. We will expand the betting center at Hotel Lisboa to offer a more comfortable experience to our customers,’ the company’s President, Ng Chi Sing, stated.

Ng added that in a rapidly changing environment Macao Slot will continue to strengthen its computer technology and sports information facilities.

Macau Slot holds the exclusive betting concession in the city for instant lottery, football and basketball, having had its concession contract renewed in 2016 until June, 2021.