Even though the Chinese government decided to re-impose visa restrictions on visits to Macau from neighboring provinces, gaming revenues in October soared to record levels. The city’s 30 casinos posted gross gaming revenues of US.59 billion (MOP12.7 billion), up 42 percent from October 2008, and 17.6 percent higher than September.
October included China’s Golden Week holiday, which varies in length each year. The eight days of 2009 were the longest in recent memory.
Stanley Ho’s SJM, owning the lion’s share of the casinos, posted the largest market share of more than 30 percent. Las Vegas Sands market share increased along with its revenue. Gross gaming revenue for the three LVS properties increased 41.4 percent to MOP3.05 billion, while its market share rose to 24.2 percent from 19.7 percent. Wynn Macau market share dropped from 13.8 percent to 12.3 percent, with revenues increasing by less than 1 percent.
Some analysts believe that the record revenues in October will cause the Chinese government to tighten the supply so growth is measured and controlled. China has been very clear in demonstrating its desire for continued social and financial stability.