Industry News
The Chinese enclave's 30 casinos brought in $3.6 billion in the three months through June, a massive increase from the same period a year-ago, the territory's Gaming Inspection and Coordination Bureau revealed on its Web site in figures released on Thursday.
Higher baccarat revenues from VIPs, up more than 52 percent to $2.5 billion, were the biggest gainers. New casinos such as the Sands' Venetian Macao, which opened August last year, are promoting the game heavily.
Fewer visitors from mainland China — the majority of Macau's gambling patrons — after the May earthquake in Sichuan province dampened revenues a bit from what they could have been, analysts said. The 7.9 magnitude temblor killed 70,000 people and left 18,000 missing and unaccounted for.
The number of visitor arrivals from mainland China softened from around 1.55 million in May to nearly 1.36 million in June, according to Macau's tourist office. The number of mainland visitors rose in June.
Last year, Macau casinos raked in $10.3 billion, according to the government. The former Portuguese colony surpassed the Las Vegas Strip as the world's top gambling center two years ago, according to industry experts.
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