Macau stronger than expected

September 17, 2013

Print this page
Macau is looking stronger in September than expected.
Macau

Table game revenues through the 15th are up 25 per cent to $1.8bn. That is ahead of what will likely be another strong weekend thanks to the Mid-Autumn Festival that begins on Thursday and October should be boosted by Golden Week, which begins on the first.
The numbers prompted Dave Bain of Sterne Agee to up his September growth estimate from 16 to 21 per cent. Cameron McKnight of Wells Fargo is now expecting 20 to 24 per cent growth, up from his prior forecast of 18 to 22 per cent.

Growth is rising even outside of Macau. Visitation to the eight casino boats out of Hong Kong is up nine per cent to 615,328 passengers in the first half of the year, Bloomberg reported. Those boats are owned by Genting Hong Kong and Success Universe Group, both of which trade on the Hong Kong Stock Exchange.

Cheaper rooms and easier visa requirements are attracting mainland Chinese gamblers to the boats. Rooms are as low as $52 a night compared to the $175 a night Macau hotel rooms averaged in July.

Macau casino operators say the boats have little effect on their casinos.

Source: Fantini’s Gaming Report

Two-tier system for Vietnam?

The government in Vietnam is considering a two-tier system to allow locals to gamble.

Latest Caesars casino opening attracts 15,000 visitors

Maryland’s newest casino, Horseshoe Casino Baltimore, attracted 15,000 guests on its opening night.

Cross-channel entertainment from Inspired

Inspired Gaming is to present its latest virtual sports, mobile and VLT cross-channel entertainment solutions at G2E Las Vegas this year.

Related articles

Subscribe

Our Publications

intergame

InterGame is the only monthly magazine covering the international coin-op amusements and gaming industry.

Learn more

intergaming

InterGaming is the leading monthly magazine covering the international land-based casino and gaming industry.

Learn more

intergamingi

Published bimonthly, iNTERGAMINGi is the leading publication for the growing international online gaming industry.

Learn more

Year Book

An extensive annual review of the industry covering all three gaming sectors and including a global directory of suppliers.

Learn more

intergaming Law

InterGaming Law is a bi-annual magazine, launched to meet increasing demand for an independent international publication dedicated to legal developments affecting the global gaming sector.

Learn more

Coin–op Community

Coin-op Community is an online marketplace where buyers meet sellers, produced in association with InterGame.

Learn more

Our Partners

This website uses cookies to enhance your experience and allow key parts of the site to work.
By browsing this website you are giving us your consent to set cookies. Learn more ›