Av. Praia Grande Ed. China Plaza 762-804, 21fl. Tel: (853) 2856 9262 Fax: (853) 2837 0296 Email: [email protected]@service.dicj.gov.mo Macau gambling revenue grows 14 percent in 2018, shrugging off trade war fears Published Wed, Jan 2 2019 1:39 AM EST Updated Wed, Jan 2 2019 3:35 AM EST Kelly Olsen Macau casinos rake in $37.6 billion gaming revenue in 2018. By Reuters Staff. 2 Min Read. Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain as demand to wager... Macau, located on the southern coast of China and a one-hour ferry ride from Hong Kong, is the world’s largest legal casino destination by revenue, bigger than Las Vegas. Macau’s six casino operators generated a total of $3.3 billion in gross gaming revenue in January 2018, up 36.4% year-on-year. Macau’s downfall helped the city realize something important – relying heavily on a single visitors group could put its economic model at serious risk. This statistic shows the gross revenue from gaming and gambling in Macao from 2009 to 2019. Gambling in Macao's casinos generated almost 36.7 billion U.S. dollars in 2019. Macau Casino Revenue in December Pacing for Worst Month in 2019. Posted on: December 18, 2019, 01:00h. Last updated on: December 17, 2019, 02:57h. A casino at Studio City resort in Macau. December was the 29th straight month in which revenue in China's only legal gambling hub rose, versus the same month a year prior, according to data Macau's casinos generated MOP302.85bn ($37.85bn) in gross revenue in 2018, showing a 14% increase. The financial update concludes a strong year for the gaming hub, with analysts previously forecasting concerns over the US' trade war with China pushing VIP gamblers away. Macau casino gaming revenue jumps 17.1% to $3.3b in August, the biggest year-on-year gain in four months and the highest revenue total this year.
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