Another record year for Macau (Las Vegas of China) even though we are in a recession!
April 26, 2009
Macau gaming revenues reached record highs before the recession hit late in 2008, as reported by The Xinhau News Agency. Reported US$13.7 during 2008 with year on year increases of average 31%!
Statistics released from the Special Administrative Region (SAR), Gaming Inspection and Coordination Bureau, the only place in China where gambling is legal, reported gaming revenues of 45.7% over 2007.
Tycoon, Stanley Ho’s company SJM, was the market leader last year followed by US gaming operators in second and third positions. Macau gaming revenues dropped by 7% year on year for the last few years. The world recession is felt as the industry slowed down from September 2008 and dropped by 3.5% in total.
Comments
-
Recent News
- Online Gambing Market will almost double in the next 4 years
- Soon a casino at the V&A Waterfront in Cape Town?
- Bwin’s World Cup landslide profits
- PartyGaming Growth Positive
- World Cup 2010 Betting Tips
- Virgin Casino offers Microgaming games for South Africa
- Poker Channel for South Africa
- Titan Casino is making an effort to Conservation
- Online Baccarat Course
- Gambling Revenue Surged 22.3% in Q3 for Macau
