Macau’s 35 casinos generated US.8 billion in gaming revenue in November, besting analysts’ forecasts with a 21.3 percent increase over the same month in 2012.
As of December, the booming Chinese gambling enclave had hit $40.9 billion for the year, 18.6 percent above where it was at the same point in 2012, with one month still to go.
“The calendar comparison was favorable with one additional Saturday this year,” noted Grant Govertsen, principal of Union Gaming Research Macau. “There were no notable weather issues this month or in the prior-year period.”
Some of the November increase was attributed to special events, including the championship fight between Manny Pacquiao and Brandon Rios in the 15,000-seat Cotai Arena at the Venetian Macao, and the city’s annual Grand Prix auto race. Both events brought in high-spending visitors.
SJM Holdings led the market with a 23 percent GGR share, followed closely by Venetian parent Sands China at 22 percent, Galaxy Entertainment Group at 19 percent, Melco Crown Entertainment at 14 percent, and Wynn Macau and MGM China Holdings, tied for fifth with 11 percent each.