Macau Casino Revenues Complete 2 Years of Decline

Macau’s casinos generated $2.3 billion in May, down by 9.6% compared to the same month in 2015, and marking two years of falling revenues for China’s only legal gambling resort. The figures released on Wednesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) were steeper than the 6-7% decline that had been anticipated by industry analysts, and now means that the territory’s combined gross gaming revenues (GGR) for the first five months of the year are currently down by 11.9% compared to the same period of time in 2015.
Macau’s casino industry has been reeling from a slowdown in China’s economy, as well as an anti-corruption campaign launched by the Chinese government in 2012 that has targeted officials and businessmen alike, and resulted in wealthy gamblers steering clear from the island resort. Macau’s government has also been imposing stricter rules on its gambling industry, and as analyst Jamie Soo from Daiwa Capital Markets Hong Kong explains, May’s steeper than expected decline was “partly due to the tightening policies on the industry, especially the recent ban on phone betting.”
Following May’s results being released, Macau’s casino operators suffered extended losses on the Hong Kong-listed stock exchange, including Sands China down by 3.3%, and Galaxy down by 2.5%.
While Macau is heavily reliant on gambling revenues to support its local economy, Beijing has been encouraging the resort to focus more on developing its mass tourism appeal, and this year alone three new mega resorts are expected to open complete with attractions such as a canal Gondola ride placed within The Venetian grounds, or an Eiffel Tower replica located at The Parisian Macao, both of which, according to Sands China CEO Wilfred Wong, are “certain to be a landmark presence on the Cotai Strip, and an iconic addition to the city’s skyline. Commenting on Macau’s future direction, Bernstein Research analyst, Vitaly Umansky, said:
“Long-term, we believe Macau can capitalise on the rising Chinese demand for holiday leisure travel.”

Poker News
flutter leaves china
01 Sep 2020
Flutter Entertainment is pulling its PokerStars branded online sites out of some major Asian markets. An email posted to popular poker forums Two Plus Two stated that all PokerStars branded sites will be pulled out of markets in China, Macau and Taiwan. In the leaked email, it said that PokerStars would be leaving China, Macau
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