Macau revenue up 70 percent in July
Casino revenue in Macau soared 70 percent in July from a year earlier to US$2 billion, a record bested only by May’s $2.14 billion.
The total was 20 percent higher than results in June, the month of the World Cup.
For the first seven months of the year, Macau casino gambling revenue rose 67.5 percent.
SJM leads the market with a 32 percent of share of revenues, followed by Sands China at 20 percent and Melco Crown and Wynn Macau at 15 percent each, according to analysts. Galaxy Entertainment’s share was 12 percent. MGM Grand Paradise had 7 percent.
The former Portuguese colony, the only place in China where casinos are legal, is the largest pure gambling market in the world. Revenues last year hit a record of more than $14 billion.