Macau’s Casino Industry Lays Down Another Strong Hand

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By Zhao Runhua / Jan 02, 2019 02:42 PM / Business & Tech

Photo: VCG

The recovery in Macau’s gaming industry continued in 2018, with a 14% year-on-year increase in casino gambling revenue, new data show.

Gross revenue in the sector was 303 billion patacas ($38 billion) last year, according to the Gaming Inspection and Coordination Bureau, Macau’s official gambling watchdog.

December’s 16.6% year-on-year growth was the 29th month in a row of expansion in games of chance in the territory. The healthy numbers come after sharp declines beginning in 2014, amid a government crackdown on corruption and lavish spending.

On the Chinese mainland, the only forms of legal gambling are state-backed welfare and sports lotteries.

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