Macau Casino Revenue Hits New Heights

Posted: November 3, 2010 in Uncategorized

3rd November 2010  Wed

Extracted from the news

 

It is clear that for the next 2 years, Macau casino “pie” will grow upon its successful model of 70:30 split of VIP Junket market vs Mass market revenue shares. 

On the other hand, Chinese government will continue to add pressure for the territory to “re-balance” its economic input & output, to transform Macau into regional entertainment & tourism hub.  But the challenge is huge.  The current local powerful network in the territory would not allow any dilution of their interest and hold on casino money.

By end of 2010, Macau casino total revenue will exceed USD20b for sure.  It is indicative in the first three quarters this year, total casino revenue has already exceeded USD16b (the total of 2009).  In October’s “Golden Holidays” (Chinese national day celebration) period, Macau casino revenue for the month hits USD2.4b ! 

From past experiences, it is also an indication that Beijing is about to intervene into such “over-heating” situation coupled with big property bubble in China. 

With Hot money from US and Europe rushing into stock and property markets in Asia, casino business is churned into a historical high plane (turnover) in Asia.  Just wonder how soon the Chinese Central government will execute the “macro fine-tune” again…

Anyway, Macau’s “casino concept” stocks are rising again…

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Comments
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