Macau’s casinos generated “a little more than” 12 billion patacas (US$ 1.5 billion)  in gross receipts for November 2009, an increase of about 60 percent on the same month of last year.

Casinos in Central Macau

In November last year, the casino gross receipts amounted to 7.5 billion pacatas (US$937 million) .

Last month’s gaming receipts were “down a bit” from those in October, when the sector logged 12.6 billion patacas – the highest on record. Also the gaming gross receipts during the first 11 months of this year rose about six percent compared to the same period of last year.

Between January and November this year, the casino gross receipts amounted to nearly 108 billion patacas, reaching almost the sum produced for the whole of last year, which stood at a record 108.7 billion patacas.

Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) continues to be the market leader, with a market share of about 35 percent, followed by Las Vegas Sands (LVS).

Meanwhile, also speaking on condition of not being named, a casino executive said he expected this year’s gaming gross receipts to hit a new record, ranging between 119 and 121 billion patacas.

The executive pointed out that the number of mainland visitors was expected to be curtailed in the immediate run-up to, and during the 10th anniversary celebrations of Macau’s return to the Motherland on December 20, when “at least two” of the nation’s most senior leaders are expected to visit the city for several days.

“The anniversary celebrations can be expected to lower casino business to a certain extent,” the executive said, adding, “But that’s a price that we are more than happy to pay because it’s a great honour to have some of our national leaders visit our city.”

At the end of September, Macau had 33 licenced casinos, comprising 4,610 gaming tables and 14,175 slot machines.

The casino sector generated gross receipts of 83.2 billion patacas ( US$10.40 billion) in the first three quarters of this year, slightly more than those for the whole of 2007, which stood at 83 billion patacas.

Courtesy. Macau News

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