Macau Gambling Revenue Continues Unprecedented Rise Into 2011

Written by:
Aaron Goldstein
Published on:
Macau Gambling Revenue 2011

Macau, the world’s biggest gambling destination, is anticipating a 49 percent rise in casino revenue this month according to analysts at CLSA Ltd. 

In total, the city’s six gambling operators had $10.4 billion patacas in the first 16 days of this month (January 2011).  In December, the total was 18.9 billion.

Billionaire Macau casino magnate Stanley Ho’s SJM Holdings Ltd. Witnessed the biggest increase in market share with 32.6.

Other casino performances included:  Sands China Ltd. At 16.5 percent, Wynn Macau Ltd. At 15 percent and Galaxy Entertainment Group Ltd. At 12.6 percent.  MGM Resorts International reported an 11.6 percent increase while Melco Crown Entertainment saw a rise of 11.7 percent. 

- Aaron Goldstein,

Business/Financial News

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