Gaming revenues top MOP44.9 billion last quarter to set a new record Macau’s gaming industry is on a winning streak; the second quarter this year has been the most profitable ever for Macau casinos. From April to June, local casinos’ gross gaming revenue reached MOP44.9 billion, almost MOP4 billion more than the previous record, set in the first quarter of this year. Macau’s casino gross gaming revenue in June increased 65 percent year-on-year, to MOP13.6 billion, according to data from the Gaming Inspection and Coordination Bureau (DICJ). However, on a month-on-month basis, June results were 20 percent down. Analysts note that the drop may be due to the football World Cup and a lower number of weekend days. The total casino gross gaming revenue for the six months through to June rose 67 percent to MOP85.9 billion. Information compiled by Portuguese news agency Lusa indicated that Stanley Ho Hung Sun’s Sociedade de Jogos de Macau continues to lead the ranking, with a June market share of 29.5 percent, followed by Sands China with 21.5 percent, and Wynn Resorts, with a market share of about 17.5 percent. The second half of the table of the operators includes Melco Crown with a market share of about 13.5 percent, followed by Galaxy Resorts with just over 10 percent and MGM with a market share slightly above 7.5 percent. Last month, all of the casino operators generated revenues exceeding MOP1 billion but only Dr Ho’s SJM overcame the barrier of MOP4 billion. Regarding the future, Deutsche Bank analyst Karen Tang wrote in a note to clients: “We believe July [will] see a similar temporary softness in VIP gaming as the World Cup approaches its final stages. That said, we expect market growth to resume sequentially in August which is traditionally the summer travel season.” More transparency Effective this month, the Gaming Inspection and Coordination Bureau will release the monthly casino gross gaming revenue statistics on a monthly basis through its official website at www.dicj.gov.mo. In general, the gross revenue figure of the current month will be uploaded to the official website no later than the third working day of the subsequent month. Other gaming information and statistics updates will continue to be released on a quarterly basis. Charts and graphics in our paper edition and MB online browseable
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