Macao’s ‘Games of Fortune’ Revenue Down $4.5% in July

Macao’s ‘Games of Fortune’ Revenue Down $4.5% in July

Macao’s ‘Games of Fortune’ Revenue Down $4.5% in July

Macao’s gaming (GoF) recorded about 17.8-B patacas (about US$2.2-B) gross revenue in July, registering a decline of 4.5% Y-Y.

The SAR (special administrative region’s) Gaming Inspection and Coordination Bureau published the monthly revenue information on its website Monday.

According to the data, games of fortune has a gross revenue of about 17.8-B patacas in July 2016, while the revenue of July 2015 was 18.6-B patacas.

In terms of accumulated annual revenue, GoF recorded 125.6-B patacas in the 1st 7 months of Y 2016, 10.5$ less than the revenue made in 1st 7 months of 2015.

However, July’s revenue was higher than that of June which stood at about 15.9-B patacas.

And the falling momentum of this figure has slowed down since March, as the decrease percentages were 16.3, 9.5, 9.6, 8.5 and 4.5% respectively from March to July of Y 2016.

Games of fortune is the most important category in Macao’s gaming industry, as it generates most part of gaming revenue.

Other gaming categories include horse racing, greyhound racing, general lotteries and sports lotteries.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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