Casinos in Macau registers 22% revenue gain

Gambling earnings in Macau rose by 22% in March.

According to figures released by Macau’s Gaming Inspection and Coordination Bureau on Sunday, that the gambling revenues in the Chinese territory rose by 22.2% to US$3.2 billion. This is significantly more than the projected growth of 13–18%.

March marked a 20th consecutive month of gains, with 22.2 per cent to US3.2 billion – significantly higher than the 13–18 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.