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Boost in Macau Gaming Revenues  in July

It was already the world’s largest gaming market, but Macau’s gaming revenues got a 20 per cent boost in July, according to government figures that were released yesterday.

Total gaming revenues in Macau were 29.5 billion Patacas (around US$3.7 billion) for the month of July and were the third highest revenue figure this year. The majority of the boost was attributed to an increase in Chinese visitors to the gaming hub, which came despite a slowdown in China’s economy.

While high rollers continue to dominate the demographics of gamers in Macau, a growing number of those considered middle-class are visiting Macau and playing at gaming establishments in the former Portuguese colony. The growing number can be attributed to the growing alternatives for getting to Macau, which has made travel to and from it easier than it was previously.

The growth of gaming revenues coincides with the continuing prominence of poker in Macau, with the APT Macau Main Event recently coming to a close. This year’s Main Event attracted 193 players from the region and beyond, and was ultimately won by Norwegian Henrik Tollefsen.

Tollefsen took home HK$981,700 (around US$142,280) for taking out the top spot in the event, which came to a close last night. The Norwegian, who has five cashes in the World Series Of Poker (WSOP), knocked out his final four opponents at the final table en route to winning this year’s APT Macau Main Event.

It was the biggest ever live tournament win to date for the winner, whose previous best pay out was $138,107 for a fifth place finish in the 2010 WSOP $1,000 No Limit Hold’em event.

The APT Macau Main Event was the most recent of a number of major professional poker events to take place there this year. Other tournaments that have been played in Macau in 2013 include the Macau Poker Cup and the GuangDong Asia Millions.

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