Macau Casinos earn a Record $4.57 Billion in October
Those expecting casino growth to level off in Macau any time soon are severely wrong. After all, the Chinese gambling hub just saw its October casino revenue skyrocket by 32% to $4.57 billion, which is the all-time single-month record.
One aspect that really fueled the strong month included a spike in visitors during the first week of October (Golden Week holiday). Total visitors from October 1st-7th were up by 5.7% to 896,847 people. This spike meant that most of Macau’s hotels were full or nearly full during the Golden Week.
The 896,847 figure doesn’t include the many Macau visitors who stayed at nearby campsites to avoid paying ultra-high hotel fees. And there were a large number of gamblers staying at campsites, considering that the lowest-priced, five-star hotel room on the Cotai Strip was $737 per night.
Thanks to the the most successful month in casino revenue history, Macau casinos have now made $37.2 billion in 2013. This is 18% more than Macau gaming establishments made at this point last year, when they collectively set a casino revenue record with $38 billion.
One big catalyst behind Macau’s booming growth over the years has been VIP gamblers. These people are a big reason why the former Portuguese colony has skyrocketed past Las Vegas and set numerous casino gaming records along the way.
But many Macau casino operators like Melco Crown, Galaxy Entertainment and MGM China fear that VIP gambling could drop off at some point. So they’ve began focusing more on regular visitors in order to keep stability within the market.
It looks like this commitment to non-VIPs has definitely been paying big dividends, given Macau’s record month in October. At the pace that its casinos are currently generating revenue, Macau will likely finish the year with around $44 billion.
Top casino reviews
|Sporting a distinctly European look and feel, Europa Casino is in fact a nice online gambling destination for an international player base....
|Founded in 2007, Rome Casino has already provided proof that it belongs to the elite of the online gambling industry. Their game selection leaves a little room for improvement, but their bonuses and promotions are unusually generous. ...
|SlotoCash Casino has become one of the biggest names in online gaming with a a very large selection of games. SlotoCash Casino Accept US Players. ...
- Macau Studio City shells out $70m for “The Audition” Movie
- Indiana wants to legalize Sports Betting and Daily Fantasy Sports
- Germany arrests Online Blackjack Player and confiscates €63.5k
- Atlantic City Mayor believes Another Casino will close in 2015
- Tourist rings in 2015 New Year with €520k Slots Jackpot
- Why Mark Wahlberg Bet and Lost $45k in a Single Roulette Round
- Irish Illusionist to reveal how he beat Vegas Roulette for $1 Million
- Golden Nugget threatens Lawsuit over Atlantic City Taxes