United Kingdom
United States
Asia Pacific
Macau gaming revenues fire up
MACAU – Revenues for Macau’s gaming operators continue to hit the jackpot, up 62 per cent in the first quarter of 2008, figures from the government show.
That is now more than the Las Vegas Strip and Atlantic City combined, at 29.82 billion patacas (US$3.72 billion).
Destination Macau said Crown Macau appears to be the biggest beneficiary, as its market share has more than tripled – to 18 per cent by the end of March – in just three months, thanks to a deal it struck in December with Hong Kong-listed AMA, its partner in VIP gaming promotions, based on a higher-than-average commission on turnover.
The latest market-share figures show Stanley Ho’s SJM casino group still slightly ahead of Las Vegas Sands, which has the two biggest casinos in Macau (Venetian and Sands), at 24 per cent and 23 per cent, respectively.
Crown is third, followed by Wynn Macau (16 per cent), Galaxy (10 per cent) and MGM (8 per cent).
The Galaxy Entertainment Group remains neck-and-neck with Wynn Macau as the most efficient casino operator in the city, according to its full-year results for 2007, which were announced last week.
The group’s VIP win-per-table-per-day (WTD) figure of HK$329,000, recorded in the fourth quarter of 2007, was only slightly behind Wynn’s HK$335,000.
On the mass gaming floor, it was HK$33,000 to Wynn’s HK$40,000.
Related News Stories:
Ian Jarrett
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled