Macau

Gambling revenue in Macau increased by 492 per cent year-on-year in May, as the world’s largest casino hub continued to rebound from damage dealt by the COVID pandemic.

The city experienced a major uptick in visitors from its main market, China, following an easing of travel restrictions.

Compared to the month previously, Gross Gaming Revenue rose by 24.3 per cent in the month, to reach nearly MOP10.45 billion (€1.07 billion), according to the city’s casino regulator, the Gaming Inspection and Coordination Bureau (DICJ).

It represents a promising recovery from the situation recorded in May 2020, when countermeasures to prevent the spread of COVID in the city decimated the gambling industry.

Year to data, aggregate casino Gross Gaming Revenue reached MOP42.49 billion (€4.36 billion), 28.7 per cent up from the same figure recorded in the same period last year.

Gross revenue for May was the highest monthly figure since the start of the pandemic, as the result coincided with a five-day holiday period in mainland China at the start of the month.

Macau, officially known as Macao Special Administrative Region, is one of the world’s largest gambling jurisdictions.

In 2019, according to official statistics, the Gaming & Junket Activities sector was revealed to have contributed 50.9 per cent of the the city’s GDP.

Continue Reading

Genius Sports and IBIA team up to battle suspicious betting activity

13 June 2024
by Robert Fenech

Genius Sports has also become an associate member of the International Betting Integrity Association

Altenar announces Kero Gaming partnership to bolster micro-betting offering

11 June 2024
by iGamingCapital.mt

Altenar becomes first sportsbook software provider to adopt supplier’s micro-betting technology

GiG signs new partner for next-gen Sportsbook

10 June 2024
by iGamingCapital.mt

The full signed agreement will see GiG’s sportsbook SportX and platform CoreX launch into strategically targeted multi-jurisdiction European markets

Playson announces first Gibraltar-licensed operator partnership with BoyleSports deal

6 June 2024
by iGamingCapital.mt

The partnership with BoyleSports marks Playson’s first commercial tie-up since it was granted a B2B license by the Gibraltar Licensing Authority

See more