Asia

Cotai to make a huge impact with the gross gambling revenue expected to achieve record-breaking figures in 2019

Published

7 years ago

March 13, 2018

Athira A

Photo credits: macaogamingshow.com

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The gross gaming revenue in Cotai registered a growth from 45.5 percent of Macau’s total in 2014 to 61.4 percent at the end of 2017’s fourth quarter.

With the flourishing of gambling in Macau, has highly influenced the growth of the Cotai district. During the fourth quarter of 2017, GGR in Macau was mainly pushed by Cotai’s figures, which amounted to 61.4 percent of the total rake.

The major contribution from Cotai meant a 15.9 percent improvement from the first quarter of 2014 when it reached 45.5 percent. It was also matched with an 11.3-point escalation in all four- and five-star hotel rooms’ percentage contributed by Cotai during that time, hiking from 47 to 58.3 percent.

Information was revealed by Melco resorts through an investor presentation which also reports that Cotai’s share of Macau mass-market GGR rose to 64.2 percent by the end of 2017 from 51.3 percent in Q1 of 2014.

Melco operates two venues in Cotai: City of Dreams Macau – which will add a fifth hotel tower with space for premium mass gambling tables – and Studio City, the facility that has offered VIP gambling since 2016.

According to Bloomberg, gross gambling revenue is anticipated to achieve record-breaking figures in 2019 and jump by 14 percent during next year. After what Melco’s report revealed, expect Cotai to make a huge impact in the upcoming growth.

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Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.