Macau Casino Revenue Expectations Better than Analysts Predicted
Entrepreneurs looking to buy white label casino games might like to know that Asia’s gambling mecca, Macau, generated gambling revenue that is almost 12% percent lower that in September 2013. Even so, analysts’ predictions were much worse for the sector, which made investors have more confidence in the market.
The casino industry in the special administrative region Macau has fell because of Beijing’s campaign against corruption and falling housing prices, which led to a decrease in demand from high-rollers. More than that, pro-democracy protests and travel bans in Hong Kong kept gaming enthusiasts away from Macau casinos.
Operators who are interested in white label casino games should now that casino gaming revenue in Macau was down to 25.6 billion patacas in September2014 from 29 billion patacas compared to the same month last year. Thus, an almost 12% decline has been recorded, despite the fact that analysts predicted a 13-15 percent decrease in gross gambling revenue. Even so, land-based casino shares rose by up to 5 percent this week.
Some analysts said that gaming revenue would become slightly higher thanks to the fact that more visitors arrived in the country due to China’s weeklong National Day holiday, which lasts from October 1 to October 7. During the first five days of the celebration, the number of Macau visitors was up 14.4% compared to the same period of time last year. Even so, it is not sure whether these visitors entered Macau casinos during the holiday.
Companies who want to buy white label casino games should also know that Macau’s government intends to tighten restrictions on smoking in casinos, fact which could seriously affect the land-based gaming industry of Macau in the near future.
The special administrative region in Macau is the only place in China where land-based casino gambling is allowed. The casino gaming industry here generated a whopping $45 billion in revenue in 2013.
BY CASINOWEBSCRIPTS PUBLISHED 8 October 2014