Macau Continues Fast Pace Increase In Gambling Revenue
Though Macau’s gambling industry had skipped a beat when the World Cup had blown through, armed with vuvuzelas, the occasional upset, a horde of bettors and many arrests, it is finally beginning to kick back up. Macau’s gambling industry has posted a surge of 70 percent in July.
According to reports, the gross gambling revenue in Macau totaled just over 16 billion patacas, or $2 billion dollars. In contrast, last year’s month of July generated a paltry 9.6 billion patacas, or $1.2 billion dollars. The World Cup had reduced revenue in the month of June to only 13.6 billion patacas, or $1.7 billion dollars.
The last time Macau had experienced a surge of 70 percent or higher was in April, where a 70.1 percent increase had occurred. May was the largest month of them all. The gambling industry in Macau had watched an explosive 94.1 percent increase in monthly revenue. In contrast, Las Vegas and Atlantic City gambling centers continue lose revenue in the double digits.
For the accumulated gross revenue of the year, Macau is also on an up swing. According to reports as provided by the Gaming Inspection and Coordination Bureau, the Macau gambling enclave is up 67.5 percent over the year.
While Las Vegas continues to slip in terms of gambling revenue, USA online gambling continues to flourish. The industries of online casinos and USA online sportsbooks are still on the rise, despite regulation that makes it difficult for financial institutions to process transaction related to online gambling.
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