Macau Casino Revenue Hits Record $4.57bn In October

Macau Casino Revenue Hits Record $4.57bn In OctoberChina’s only gambling resort, Macau, has just seen its casino revenues soar by 32% to a record $4.57 billion in October, as Chinese visitors flocked to the world’s largest gambling hub to celebrate their Golden Week holiday. Between October 1st and 7th, total visitor arrivals were up by an impressive 5.7% to 896,847, while visitors from mainland China were also up by 10.7% during the week-long national holiday.
So busy, in fact, was the Golden Week holiday that Macau’s hotels reported close to full occupancy, while many mainland visitors chose, instead, to stay at campsites to avoid paying the exorbitant room rates charged by hotels, with the cheapest five-star deluxe room on the Cotai strip charging $737 per night.
Overall, visitor arrivals during the third quarter of 2013 now total a staggering 7.76 million people, while for the first 10 months of 2013 Macau’s 35 casinos have generated 18% more revenue at $37.2 billion, and are close to surpassing the $38 billion wagered for the whole of 2012.
The former Portuguese colony has six licensed casino operators, namely Sands China, Wynn Macau, Melco Crown, Galaxy Entertainment, MGM China, and SJM Holdings Ltd, which only recently have begun to turn their attention from VIP gamblers to the “premium mass” segment, who may wager a lot less than the affluent high-rollers, but at the same time ensure more stability within the industry.
For the third quarter of 2013, Sands China, MGM China Holdings Ltd. and Wynn Macau Ltd all reported double-digit increases in their casino revenue, after which MGM saw its stock price 1% to HK$27, while both Sands China and Galaxy also added 1.8% to their share price.  Conversely, Wynn Macau dropped 0.8% , Melco Crown Entertainment fell 0.6%,and SJM Holdings Ltd. was unchanged.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this