Macau Casinos Surge In December To End $23.5bn Up In 2010

December’s revenue figures for the world’s largest gambling resort of Macau ended in a suitably strong fashion to cap an incredible 2010.
In December, the Chinese enclave posted a 66% rise in revenue to $2.36 billion compared to a year earlier, taking the overall casino revenue of Macau in 2010 to a record $23.5 billion (£15.2bn).
Commenting on the incredible figures, CLSA gaming analyst Aaron Fischer said:
“We were not expecting it to be so strong in December…We thought it would fall off a bit in the last few weeks (of the month) but it didn’t. Historically, Christmas is not a big gambling time.”
Macau was a Portuguese colony until it was handed back to the Chinese in 1999 and is the only place in the country where gambling is permitted. After Macau opened up its gambling industry to foreign competition in 2002, it has seen its revenue figures consistently climbing and the $23.5b billion in revenue collected in 2010 is a full four times bigger than the amount generated back in 2005.
A large part of Macau’s success can be attributed to a booming Chinese economy, as well as an increasingly¬†larger number of wealthy Chinese and Asian gamblers who now find it more convenient to travel to nearby Macau compared to their destination choice of yesteryear Las Vegas.
Despite the impressive success story of Macau, the Chinese government has still highlighted its concern that the resort’s economy should not become overly gambling-dependent but should diversify to attract family holidays and other entertainments.
This has lead to the Macau government announcing various initiatives in order to restrict the expansion of gambling within the city, including capping the number of gambling tables allowed within the casinos.
The government is hoping that such moves will help maintain the sustainability of the Macau model, with gaming expert Davis Fong from the University of Macau predicting that:
“If there are no further government policy measures, then I’d say the gaming revenue figure would continue to grow.”


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