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.
Latest posts by Paul Ebeling (see all)
- F1: Ferrari’s (NYSE:RACE) China ‘Team Orders’ Set a Complex Precedent - April 19, 2019
- Investors in China’s Stock Market Focus on PBoC Stimulus Measures - April 19, 2019
- Film Look: Judy Dench Stars in ‘Red Joan’ - April 18, 2019