Casinos report 22% revenue gain in Macau

Gambling revenue in Macau registered a healthy 22 per cent spike in March.

Data published by Macau’s Gaming Inspection and Coordination Bureau on Sunday show that earnings in the Chinese territory increased by 22.2 per cent to US$3.2 billion. This higher than the 13–18 per cent growth that most analysts estimated.

March marked the 20th straight month of gains, with 22.2 per cent to US3.2 billion – again substantially better than the 13 to 18 per cent growth analysts had predicted for last month’s results. The numbers also represent a 6.79 per cent increase when compared to the US$2.9 billion achieved in February 2018.

Furthermore, accumulated gross gaming revenue for the first three months of 2018 totalled US$9.3 billion, a 20.5 per cent increase compared to the same period last year.

While brokerage Sanford Bernstein had put March’s GGR at a nine to twelve per cent growth with a lower performance by Macau casinos, the original projections were changed last week as ADR reached US$98 million and increased around 30 per cent year-on-year. According to analysts, that reflected increased foot traffic as a result of junket organised spring parties.