• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 26 July 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 revenues up year-on-year in November

Newsdesk by Newsdesk
Tue 9 Dec 2008 at 16:00
Print Friendly, PDF & Email

Lusa, the Portuguese-language news agency that seems to act as the unofficial breaker of stories on behalf of Macau’s gaming regulator, has scooped the opposition again. Lusa revealed that Macau’s gross gaming revenue (GGR) for games of fortune in November actually rose 2.6 percent year-on-year.

This reversed two months of year-on-year decline that began in September.

The revenues reached 7.55 billion patacas in November according to the unofficial data from the Macau Gaming Inspection and Coordination Bureau,

The September and October falls were starting to look like a trend and were widely attributed in the media to the impact of the Chinese government’s visa restrictions.

Commentators are now talking about the fact some of Macau’s junket operators expanded operations so quickly during the VIP boom of the last 18 months that they may have broken their own golden rule: know your customer.

Any failure to follow this simple but fundamental piece of wisdom is said in junket circles to increase dramatically the risk of bad debt. Combine this with possible liquidity issues for the junkets themselves and that’s a real sign of a global credit crunch if ever there was one.

The South China Morning Post reported recently that Las Vegas Sands Corp’s net accounts receivable, which are mainly gaming debts, rose 78 percent to USD333 million between the end of last year and September.

The newspaper added that Galaxy Entertainment Group’s receivables from ‘other debtors’, mainly junkets, increased 91 percent to HKD667 million at the end of June compared with six months earlier; SJM Holdings’ total receivables rose 28 percent to HKD1 billion during the same period.

So what, if anything, does the November GGR tell us about the state of the Macau market? Probably not very much—yet.

The modest year-on-year growth for November pales in comparison with the stellar 45.2 percent year-on-year growth in GGR seen in the first eight months of 2008. November’s figures, although moving in the right direction year-on-year, were still 15 percent down month-on-month compared with October this year.

November is though traditionally a quiet month. This is when the region’s gamblers prepare for a flurry of spending in the run up to Chinese New Year. It’s also a time when all Chinese traditionally pay off outstanding debt and square their account with the forces of luck and good fortune. The junket and casino operators will be hoping that is one tradition that modern Macau will not forget.

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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Winds of change

Belle Corp’s share in City of Dreams Manila gaming revenue down 18% in 1H25

by Newsdesk
Sat 26 Jul 2025 at 08:39

Philippines real estate firm Belle Corp saw its share in gaming revenue from City of Dreams Manila fall by 18% year-on-year to Php772.3 million (US$13.5 million) in the first half of 2025, reflecting the challenges currently being faced by Manila’s...

DigiPlus to enter South Africa’s online sports betting market

DigiPlus to enter South Africa’s online sports betting market

by Newsdesk
Sat 26 Jul 2025 at 08:37

Philippines gaming technology firm DigiPlus Interactive Corp has announced plans to further expand internationally by entering the South African online sports betting market. The company said in a Friday statement that it would file license applications with the Western Cape...

Uncertain future for POGO industry suppliers as PAGCOR says operations in “status quo” for now

Maybank: Threat of total ban on Philippines online gaming is real, more clarity from President Marcos likely Monday

by Ben Blaschke
Fri 25 Jul 2025 at 12:34

Malaysian investment bank Maybank has warned that the threat of a total ban on the Philippines’ domestic online gaming, or eGames, sector is real given that political noise is similar to before recent bans on eSabong and POGOs. While Maybank...

MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

by Pierce Chan
Fri 25 Jul 2025 at 05:45

According to data from Macau’s Statistics and Census Service (DSEC), a total of 2,891,003 visitors arrived in Macau in June, representing a year-on-year increase of 13.3%. Mainland China remained the primary source of visitors to Macau in June, with 1,995,627...

Your browser does not support the video tag.


IAG

© 2005-2024
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

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English