Macau’s casino industry continues to go from strength to strength, something exemplified by the release of August casino gaming revenue figures in the China-controlled area.
Total casino revenue in the gaming enclave was $3.8 billion last month, the second highest total casino revenue ever recorded in Macau. The only other month that has seen more revenue was March of this year, when Macau casinos garnered $3.92 billion in total revenue.
The $3.8 billion August revenue was an 18 percent increase year-on-year, and helps put total revenues for this year up 13 percent from 2012 casino revenues. That increase is in line with the projections of economic analysts, who predict that total 2013 casino revenues will increase by between 16 and 18 percent when the year is over.
The revenue growth comes as the demographics of casino patrons in Macau changes, with a growing number of those considered middle-class visiting Macau and playing at gaming establishments in the former Portuguese colony. Macau is also set to be more easily accessed by outsiders as ongoing infrastructure projects continue to be carried out, which would likely see such high revenue numbers well into the future.
It could be coincidental, but the high money-making month coincided with the most recent Macau Poker Cup, which also occurred in August. The main event of the Cup, known as the Red Dragon, attracted 645 participants and was won by English player Tom Alner.
Alner ended up winning HK$823,000 (around US$106,000) for his stellar play in the tournament, which was a hotly-contested affair between him and the other final three players in the Red Dragon. Poker looks set to continue to grow in sync with casino revenue in Macau, with a number of major poker events scheduled for the rest of the year.
One of those events, the 2013 Asia Championship of Poker (ACOP), is set to take place in Macau next month and will run to early November.