Drastic Drop In Macau Baccarat Revenues

DRASTIC DROP IN MACAU BACCARAT REVENUES

21st July, 2015 at 09:11:15
Source: http://www.azonlinecasinos.com

Traditionally a major source of casino revenue, Macau baccarat has seen a 42% decline in Q2.

Baccarat, traditionally a major earner for Macau casinos due to its popularity with Chinese high rollers, has seen a serious year-on-year decline in Q2-2015, according to official statistics.

Gaming revenue from the game decreased 42.2% over the quarter to MOP31.57 billion, the largest drop in percentage terms since the fourth quarter of 2005.

VIP baccarat accounted for about 55.5% of gross gaming revenue in Q2-2015, having accounted for 58.2% in Q1-2015, according to the Macau Gaming Inspection and Coordination Bureau.

Local media reports indicate that the decline could become sharper if a proposed private rooms smoking ban comes into effect.

Related News Tags:



« News index »



BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING

29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.

NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED

28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.

OURGAME LOOKS TO GLOBAL EXPANSION

27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.

CHINA'S TIGHTER CONTROLS ON CAPITAL RESULT IN MAJOR DROP IN OUTGOING INVESTMENT

21st March, 2017 at 11:24:11
Foreign companies likely to feel the impact as Q1-2017 sees a significant 74 percent decline in outgoing investment capital.

LAND CASINO INVESTOR BUYS MOBILE APP COMPANY

20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?