Baccarat makes up 91% of Macau Gaming Revenue
Baccarat has always been a huge game in Macau, but now it’s basically THE game to play. According to the Gaming Inspection and Coordination Bureau, baccarat accounted for 91% of Macau’s gaming revenue for a one year period. Going further, the game made up 67% of Macau’s total gross revenue.
Many Asian people love to employ various superstitious actions when they play baccarat such as slowly peaking at cards, blowing on cards, turning the cards horizontal before flipping them and creasing the cards – a practice which isn’t as frowned upon in Macau.
Seeing as how baccarat is so popular in Asian casinos, sites like the Bodog/Bovada network have really made a conscious effort to cater to this community.
Going back to Macau’s gaming revenue, the Chinese territory’s first quarter earnings were up 14.8% when compared to last year. The region’s 35 casinos pulled in $10.66 billion, as compared to $9.08 billion for the first quarter of 2012. High stakes gamblers continue to be a driving force in increasing casino earnings. High rollers accounted for $7.2 billion of the $10.66b first quarter revenue. The $7.2b high stakes mark is up 9.8% when compared to January, February and March of last year.
After yet another successful quarter, Macau remains firmly entrenched as the world’s number one gaming destination. The peninsula pulls in over five times the revenue as its closest competitor, Las Vegas, and the growth hasn’t slowed in years.
However, it’s worth mentioning that Macau still has challenges to overcome. Hong Kong’s richest woman, Pansy Ho, is trying to help address one of the biggest problems, which is diversification. Currently, Macau heavily relies on its gaming revenue, but is underdeveloped as far as broader entertainment options go. Ho’s goal is to bring more music, live shows, and possibly themed attractions to the peninsula – much like Las Vegas has done. By broadening the entertainment options, Macau figures to attract a larger general crowd, rather than just gamblers and high rollers.