Portfolio of Kimberly Johans

A collection of articles created during my stint as a journalist at The Macau Daily Times

Gambling revenue jumps 50 percent

Posted by Kimberly on July 17, 2007

By Kimberly Johans
Published in The Macau Daily Times
July 17 2007, page 1&3 (294 words)

 

Figures released yesterday by the Gaming Inspection and Coordination Bureau show a dramatic 50 percent rise in gambling revenue for the second quarter of 2007 compared with the same period last year.
Between the months of April and June this year, casinos across Macau received 19.57 billion patacas in revenue while the same quarter in 2006 earned the casinos 13.28 billion patacas.
Figures show that in the first half of 2007, total gross revenue from “games of fortune” as the Bureau refers to them, were at 37.97 billion patacas, up 47.5 percent (25.75 billion patacas) in the first half of 2006.
Across other gaming activities, greyhound racing revenue for the second quarter decreased, from 17 million patacas in 2006 to 16 million patacas this year.
Horse racing saw an increase last quarter of 16 percent over the same period in 2006, from 97 million patacas, to 112 million patacas.
Meanwhile, sports lotteries such as football and basketball decreased significantly.
Football decreased by 31 percent in the second quarter of 2007 as opposed to the same period in 2006, from 97 million to 67 million patacas.
Likewise, the basketball lottery decreased to 7 million patacas, from 11 million patacas in 2006, or 36 percent.
Baccarat still remained the most popular form of betting for gamers, with the most significant rise seen in second quarter figures for VIP Baccarat.
Compared with the same quarter in 2006, VIP Baccarat experienced a rise of more than 36 percent in gross revenue, from 8.34 billion patacas in 2006, to 13.21 billion patacas in 2007.
Regular baccarat rose 27 percent from 2.77 billion patacas to 3.82 billion patacas.
Slot machine revenue also rose significantly by 35 percent in this year’s second quarter, from 534 million patacas to 825 million patacas.

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