Macau Casino Revenue Rises for 10th Month in May

Macau Casino Revenue Rises for 10th Month in MayMacau’s casino market has continued its winning ways into May, with revenue rising by 23.7% to $2.83 billion year-on-year, according to the Macau Gaming Inspection and Coordination Bureau. Furthermore, not only was the latest figure higher than the 15-20% forecast made by industry experts, but is was also the highest rate recorded since February of 2014.
Helping to explain some of May’s impressive performance was the Dragon Boat Festival falling on May 30th this year, compared to June 9 in 2016. As a result, visitors to the resort totalled 404,073 between May 27-30, representing a 9.12% year-on-year, and as analysts Vitaly Umansky, Zhen Gong and Yang Xie explain:
“The implied ADR [average daily revenue] for the last seven days of the month, which incorporated the Dragon Boat Festival long weekend, was over MOP805 million [US$78 million].”
The positive result comes despite the calendar having one fewer Sunday in May of this year, with Brokerage Union Gaming Securities Asia Ltd also pointing out that May’s casino results would have been “notably higher” if not for a visit earlier in the month by Zhang Dejiang, chairman of the National People’s Congress.
Up until last year, Macau had suffered from almost two years of revenue decline as a result of an anti-corruption drive instigated by the government headed by President Xi Jinping in 2014. It was the extra level of scrutiny directed towards junket operators and their high roller customers which ultimately caused Macau’s casino market to take a hit, but the industry subsequently responded by diversifying its attractions to better appeal to middle-class families.
Since the turnaround, the world’s biggest gambling destination has now returned 10 consecutive months of growth, while for the first five months of 2017 casino revenue is also currently higher by 15.8% y-o-y. So far this year, Wynn Macau and Melco Resorts & Entertainment have had the best performing shares, with their prices up by 43% and 42%, respectively.

Poker News
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
Virginia Poised For Historical Gambling Expansion
11 May 2018
Virginia is among the country’s more conservative states when it comes to gambling, and for many decades has resisted the allure and revenues that the industry might bring. In the 1990s, for instance, its legislature turned down a push for riverboat gambling, and the following decade Internet gambling cafes were outlawed. For the past five