Macau Bringing Even More Revenue

The Asian gambling center of Macau has long been touted as the next Las Vegas, with reports putting them ahead of Vegas last year in slot machine and gambling revenue. Now, according to the Chinese news organization Xinhua, they have brought in 46.1% year on year for the first six months of the year.

That works out to $4.75 billion just from the 26 casinos in Macau, and just for the first six months of the year. The government’s Gaming Inspection and Coordination Bureau showed that they were reporting these figures for slot machines and gambling for the end of June.

The figures show that all kinds of betting have shown an increase over the second quarter, including horse racing, greyhound racing, soccer and basketball bets, and the lottery. Slot machine and casino gambling accounted for more than 98% of the betting figures.

The slot machines or the “hungry tigers” as they call them, went up 76.3% in their revenue over the first six months. This more than made up for the slight drop that some other areas had. Slot machines shares also rose from 3.4% to 4.1% in the first six months over the first half of 2006.

Baccarat did well for itself also, bringing in 85% of the gaming industry’s total gross receipts in the first half of the year. Roulette showed an increase as well, with a 66% share in the category. The number of gaming tables and the number of slot machines have increased as well.



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