Macau March Gambling Revenue on Track

Submitted by Guest on

Written by :

Guest

Published on :

(Reuters) - Gambling revenue in Macau reached close to HK$13 billion ($1.68 billion) for the first three weeks of March, on track for a monthly record, underscoring sustained growth in the world's largest and fastest-growing gambling market.

"According to the average, it's near HK$13 billion," a source with direct knowledge of the situation said on Tuesday. "In February, it was around this amount."

Stanley Ho's casino flagship SJM Holdings (0880.HK) retained the biggest share of the market, at around 30 percent, while Sands China (1928.HK), the Macau unit of Las Vegas Sands (LVS.N), was second with around 20 percent, the source said.

Macau casino revenue last hit a record in January, when revenue rose 63 percent from a year earlier to 14 billion patacas ($1.80 billion).

Related Content

Become a Casino Dealer with Free Training Classes Now Available at Rivers Casino Schenectady

Become a Casino Dealer with Free Training Classes Now Available at Rivers Casino Schenectady

Rivers Casino’s Dealer Training Class, a $5,000 value offered FREE of charge, begins on Monday, October 5, at the Rivers Casino Training & Development Center located at 1473 Erie Boulevard, Schenectady, NY 12305.
Sweepstakes.io Launches Independent Comparison and Review Platform for the iGaming Industry

Sweepstakes.io Launches Independent Comparison and Review Platform for the iGaming Industry

Sweepstakes today announced the official launch of its revamped independent casino comparison review platform, delivering data-driven operator reviews, regulatory insights, and market analysis for the rapidly expanding sweepstakes and social casino industry.
Does Your PPH Platform Offer Premier League Soccer Match Betting?

Does Your PPH Platform Offer Premier League Soccer Match Betting?

The England Premier League new season got under way this weekend with bookmakers across the globe licking their respective chops.
Washington State Congressman Wants End to Wildfire Betting on Kalshi, Polymarket as Spokane Area Still Reeling

Washington State Congressman Wants End to Wildfire Betting on Kalshi, Polymarket as Spokane Area Still Reeling

Rep. Michael Baumgartner, R-Spokane, introduced the bill this week. Critics say betting on wildfires is, at best, grotesque and could incentivize arson and other illegal acts.