Macau, renowned as a global gambling hub, has unveiled its gaming revenue figures for September, showcasing a remarkable resurgence. In comparison to September 2022, this month exhibited a staggering 404 percent surge in revenue. The reported revenue for September stood at MOP 14.9 billion (equivalent to US$1.84 billion), marking a substantial increase from the MOP 2.96 billion recorded during the same period last year. The figures for September however did dip slightly when compared to the preceding month. A significant contributing factor was a severe storm that struck the region on 1 September, compelling the Macau Government to temporarily shutter six 바카라s. These establishments fortunately resumed operations swiftly the following day.
The overarching narrative in Macau’s gaming industry is one of robust expansion, notably catalyzed by the Chinese Government’s decision to terminate its zero-Covid policy, a move prompted by unusual mass protests in the country. For the year-to-date, Macau has witnessed an astonishing 305 percent growth, amassing a cumulative income of MOP 128.9 billion – a substantial leap from the MOP 31.8 billion reported as of September 2022.
Recovery and growth in Macau’s gaming industry
While the current figures have yet to reach the levels observed in September 2019 when Macau registered a total of MOP 22.1 billion, the resurgence in 2023 is indicative of the region’s rapid recovery following the end of China’s restrictive policy.
Hubert Wang, President & COO of MGM China, offered insights into this recovery during a recent discussion with Gambling Insider. Wang emphasized that the resurgence takes on a more favorable outlook when delving into the statistics. This is primarily attributed to the redirection of much of Macau’s VIP business to alternative destinations such as Singapore and Manila. Consequently, resort 바카라s in Macau have seen a reduction in their spending to attract VIP guests.
Wang further highlighted that the revival of Macau’s general mass market business, which is inherently more profitable than the VIP sector, has been a driving force in the region’s resurgence. As a result, Macau may not necessarily need to return to pre-pandemic levels for gambling to thrive in the evolving gaming sector.
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