Macau Casinos Up 17.6% To $3.88bn In August

Macau Casinos Up 17.6% To $3.88bn In AugustMacau’s Gaming Inspection and Coordination Bureau has just released its casino figures for August, revealing a 17.6% increase in revenue to 30.7 billion patacas ($3.88 billion) compared to the same month in 2012.
The Chinese enclave of Macau’s latest revenue figure represents the second strongest monthly tally this year, and was also in line with analysts’ predictions who forecast growth in the world’s biggest gambling market of between 17% and 19%.
Despite a slowdown in the Chinese economy, for the first eight months of this year Macau’s gross gaming revenue is now up by 16.2% to MOP231.67 billion (US$29 billion), and experts remain confident of continuing growth in Macau’s gambling industry, pointing to strong consumer sentiment and low penetration among China’s huge population as determining factors.
In another positive sign, the gambling resort has started noticing an  increase in the numbers of “mass market” spenders compared to VIP spenders, who typically account for around 70% of Macau’s total gambling revenue. By encouraging growth in the number of its upper-middle class visitors, Macau will be hoping to achieve more stable revenue than relying predominantly on just super-rich gamblers.
Back in 2007, Macau overtook the Las Vegas Strip to become the world’s largest gambling market and by 2011 it was generating more than five times the revenue of its US competitor. Macau’s achievements are even more impressive when one considers that in 2002 revenue on the Las Vegas Strip totalled $5.3 billion compared to $2.77 billion for Macau.
Looking to the future, Aaron Fischer, an analyst at CLSA, said: “At the heart of Macao’s phenomenal growth was the Chinese people’s penchant for games of fortune. Revenues in the city’s casinos could eventually exceed the whole of the US market, which currently yields $60 billion in a year.”

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