Macau gaming slump to continue
Print Edition
MACAU’S gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday.
A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the gaming industry in June reached 15.88 billion patacas (US$1.99 billion), 8.5 percent lower than the figure in the same period last year, and the first half of 2016 totaled 107.79 billion patacas, 11.4 percent lower than the revenue in the first half of 2015.
Macau’s Gaming Inspection and Coordination Bureau said the adjustment period of the gaming industry will continue and the second half of 2016 will probably remain “negative increase,” but the momentum of decrease will slow down.
The report also revealed that the income generated by mass gaming areas accounted for 53.1 percent, while the figure in the same period last year was 43.1 percent. The VIP rooms’ income dropped by 17.3 percent for the H1 2016, while mass gaming areas’ income only dropped by 3.6 percent. The report said it reflects the government’s effort to diversify the gaming industry.
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