Analyst’s forecasts of Macau’s August numbers proved to be close to the money as the gambling destination reported a gross gaming revenue of MOP30.7 billion.
According to official figures released by Macau’s Gaming Inspection and Coordination Bureau, Macau’s August numbers made it the second highest grossing month of the year and 17.6 percent better than what Macau earned in the same month last year.
Back in March, Macau recorded MOP31.3 billion in earnings, a number that still stands despite strong showings from the city’s six casino operators in the months since then.
After eight months of 2013, Macau’s accumulated gross gaming revenue sits at a sparkling MOP231.67 billion, 16.2 percent better than its numbers over the first eight months of last year.
In the interest of becoming forecast analysts ourselves, the last four months of the year should likewise net significant increases in revenue, possibly along the high teens. The upcoming holiday season means that people will have enough money to spend and you know what happens when you’re in Macau and you’ve got a wad of disposable income nestled comfortably in your pockets.
You’re not buying egg tarts, that’s for sure.
Instead, you’re probably going to be tranced by those hotel and casino lights, step inside one of those posh establishments, check out the scene, plop down on one of the seats, and before you know it, you’re screaming for “red!” or “black!” in equal decibel levels.
Then as the next calendar month flips a page, you find out that all of Macau’s casinos earned yet another strong gross revenue month.
It’s been the same script for every month of the year, and with the growing number of gamblers – VIP and mass market – coming to Macau on an increasingly regular basis, MOP300 billion for the entire year isn’t so much of a goal now as it is a formality.