BUSINESS

Macau revenues for 2010 revealed

TAGs: China, Macau, revenues

macau-reveals-2010-revenuesIf there’s one thing that summed up 2010 in the gambling industry it’s the growth that is being seen in the Far East. As we enter the year of 2011 it’s still crystal clear that one thing will continue to happen unabated in the gambling industry – Macau giving Vegas the finger.

Reports have been published showing that areas other than Macau will have surpassed the Nevada hotspot in the near future and the figures that have just been released appear to suggest it won’t be slowing anytime soon.

According to various reports, the month of December saw gambling revenues jump by 66% from a year earlier to 18.88 billion patacas (US$2.36 billion) in the enclave and that wasn’t the only figure released.

The end of the year meant that 2010’s figures as a whole were released, revenue for the whole 12 months soaring by 58% compared with the year before. This has been quite the end to a year in which Macau’s electronic stocks of money continued to soar unaffected by attempts from the Chinese administration to limit the growth of the gambling industry in the area.

As we begin 2011, the Chinese government are still likely to want those in Macau to diversify their product in case of the unlikely event of a downturn happening.. How about breeding millions of Macau Macaw’s?

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