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China – Macau records sixteenth month of growth

By - 4 December 2017

Macau’s 40 casinos have generated GGR of MOP23bn in November marking an increase of 22.6 per cent year-on-year to and bringing the region’s 16th consecutive month of growth.

Union Gaming said VIP growth surpassed 30 per cent in November with mass gaming growth in the ‘high single or low double digits’ smashing previous consensus.

With December usually being a stronger month than November, Union Gaming analyst Grant Govertsen has predicted 23 per cent growth for the month, which would mean a 20 per cent increase for the year as a whole.

There are now 40 casinos in Macau, 22 of which were owned by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, four by Melco, two by Wynn Resorts and one by MGM with a total of 6,449 tables and 16,310 slot machines.

Macau’s government has said it will review its legislation to make sure its casinos are following through on non-gaming commitments. In January it will tighten the licensing of junket operators.
Macau Chief Executive Fernando Chui said: “The government will review and strengthen the gaming rules. The government will also regulate junket operations, promote responsible gaming and boost the Macau casino industry’s competitiveness.”

Mr. Govertsen added: “Clearly there is a focus on non-gaming on the part of the government, but I think the operators were going to get there anyway.”

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