• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 18 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Macau gaming revenue rises after two months of falling

Newsdesk by Newsdesk
Fri 5 Dec 2008 at 16:00
Print Friendly, PDF & Email

Macau gaming revenues grew 3 percent in November following two straight months of declines.

Since early fall, tightened visa restrictions by the Chinese government have curtailed tourism from residents of neighboring provinces into Macau, the only area in China where casino gambling is legal.

Following a 3 percent decline in October and a 1 percent drop in September, Macau casinos collected gaming revenues of approximately $940 million in November, compared with roughly $920 million in November 2007.

The November 2008 increase was far below the November 2007 increase of 49 percent from the prior year.

“After two months of decline and a tough comparable (from a year ago), 3 percent growth is better than anticipated,” Deutsche Bank gaming analyst Bill Lerner said Monday.

Through November, Macau gaming revenues are approximately $12.6 billion, a 36 percent increase over 2007.

Lerner thought the visa restrictions might be lifted early next year. Visitation to Macau was up 8 percent in October and the 10-month tourism figure is up 14.5 percent. November visitation numbers are not available. The visa restrictions do not curtail trips to Macau from Hong Kong.

Macquarie Capital analyst Gary Pinge, who is based in Hong Kong, also thought the Chinese government might ease the visa restrictions.

“We remain positive on the longer-term outlook for Macau’s gaming market,” Pinge said in a note to investors. “The fact that China had to implement five separate visa restrictions in order to slow Macau’s gaming revenue growth should highlight to investors the level of pent-up demand for gaming services from mainland China. Our view remains that mainland China is supportive of Macau over the longer term.”

The positive news out of Macau did not help the shares of the three Las Vegas-based casino operators with resorts in China during Monday’s 679.95-point Dow Jones industrials decline.

MGM Mirage, operator of the MGM Grand Macau, fell $1.39, or 11.6 percent, on the New York Stock Exchange to close at $10.59.

Las Vegas Sands Corp., which operates The Venetian Macau, Sands Macau and Four Seasons Macau, dropped $1.17, or 22.6 percent, to close at $4 on the New York Stock Exchange. Last month, Las Vegas Sands suspended construction activities on the Coati Strip region of Macau.

Wynn Resorts Ltd., operator of Wynn Macau, fell $5.95, or 14.9 percent, on the Nasdaq National Market to close at $33.87.

“We think weakening Macau revenues are already reflected in the stocks,” JP Morgan gaming analyst Joe Greff said.

RelatedPosts

Analysts Bearish as Macau’s Slump Is Expected To Continue

Fri 2 Jan 2015 at 23:24

Macau’s November Down Nearly 20%

Mon 1 Dec 2014 at 07:28

Red October: Mass Plummets, Comps Get Tougher

Thu 6 Nov 2014 at 07:16

Macau’s September Down by Double Digits

Thu 2 Oct 2014 at 05:37
Load More
Tags: Macau Gaming Revenues
Share1Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

by Ben Blaschke
Thu 18 Sep 2025 at 17:03

Leading Philippines eGames provider DigiPlus Interactive Corp has inked a deal with domestic insurance company Philippine First Insurance Co. Inc  to introduce what it describes as the Philippines’ first-ever surety bond program for online gaming players. Taking effect immediately, the...

10 Years Ago – Reimagining Sri Lanka

Sri Lankan cabinet approves budget proposal to increase betting levy, double casino entry for locals

by Newsdesk
Thu 18 Sep 2025 at 02:27

The Sri Lankan cabinet has approved a proposal in the country’s 2025 budget that will see the betting levy increased and casino entry fee for locals doubled. According to a report by local business media outlet Economy Next, Cabinet Spokesman...

CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

by Newsdesk
Thu 18 Sep 2025 at 02:08

CDC Gaming, the premier source of news, commentary and analysis for the gaming industry in the Americas and sister company to Inside Asian Gaming, has announced a revamped, reimagined and refreshed Day Zero Party ahead of this year’s Global Gaming...

Wynn says UAE development contribution to total around US$900 million as Thailand opportunity looms large

Cryptocurrency payments, smart table rollout across all games among technology innovations being planned at Wynn Al Marjan Island

by Ben Blaschke
Thu 18 Sep 2025 at 02:01

Wynn Al Marjan Island is looking to open with smart gaming tables installed across all or most of its gaming areas and payment options that include cryptocurrencies, the company has revealed. David Patent, Executive Vice President, Gaming Operations at Wynn’s...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English