December 02, 2009

Macau's Gaming Sector Hits Jackpot with November Gross Receipts

MACAU, CHINA (S.A.R.) - Things are looking up for Macau's gaming industry.

A report from The Macau Post Daily revealed that the Chinese special region has generated about 12 billion patacas (roughly US$ 1.5 billion) in gross receipts in November, an increase of about 60% over the same month in 2008 which saw the gambling enclave earn about 7.5 billion patacas.

However, the said amount was lesser than the 12.6 billion patacas generated in October -- the highest recorded gross receipts in Macau's history.

According to the anonymous government source, gaming gross receipts from January to November this year amounted to 108 billion patacas, up 6% over the same period last year. With one month still to go, many believe the year-round amount will beat last year record gaming gross receipt of 108.7 billion and could be between 119 to 121 billion patacas.

Stanley Ho's Sociedade de Jogos de Macau (SJM) continues to be the industry leader in Macau, holding about 35% market share followed by Las Vegas Sands whose Macau unit, Sands China, recently started trading on the Hang Seng Index.

Macau had 33 licensed casinos comprising 4,610 gaming tables and 14,175 slot machines as of end of September. The numbers did not specify how many poker rooms or poker tables were currently in operation.

Sourced from Macau News
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