In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly declared that he anticipates this season ’s aggregated gross gambling revenues from the over 30 casinos in town to be higher than they were for 2017.
Committed to non-gaming components:
According to a report by GGRAsia, the high heeled official made the revelation during a Tuesday event in Shanghai and also stressed that his administration remains committed to bringing more non-gaming components to casinos in order to attract a higher percentage of lsquo;mass-market customers’. He supposedly detailed that such a move would also help such venues to enhance their resilience against future financial doubts while helping the many little and medium-sized companies in town of several 651,000 residents.
Fiscal challenges:
Leong reportedly stated that gross gambling revenues in the former Portuguese enclave had remained steady this year despite tough economic conditions which encompass a slowing economy in mainland China alongside an affiliated depreciation in the value of that country ’s money.
Citing official statistics from Macau’s Gaming Inspection and Coordination Bureau, GGRAsia reported that the town ’s aggregated gross gambling revenues through to the end of October stood at just more than $31.1 billion, which represents a swell of 14.3% year-on-year, and might push the twelve-month figure substantially over 2017’s high of $33.01 billion.
Macau’s aggregated gross gambling revenues for October reportedly rose by 2.6% year-on-year to hit $3.38 billion while GGRAsia explained that several analysts have forecast that this month’s figure could swell by up to 8 percent to put the last figure for the 30-day period in the region of $2 billion.
Mainland China lottery sales Watch an 8.8 percent drop in February
Aristocrat Leisure Limited establishes new Macau-facing entity
