Poker room and casino owners in the Asian gaming enclave of Macau are probably smiling widely after revenue figures from October were released on Friday.
The figures showed a record-breaking month for Macau’s casino industry, with revenue totalling approximately US$4.57 billion for October. That was a 32 percent jump from the recorded revenue in the previous month, which was itself quite strong.
It also marks the first time monthly revenue from the gaming industry in Macau has broken the US$4 billion mark. The previous record month of revenue was in March this year, when a total of approximately US$3.93 billion in casino revenue was recorded.
A Special Administrative Region of China, Macau was predicted to experience a sharp gaming revenue boost in October by analysts. The reason for the initial prediction was due to the ‘Golden Week’ holiday celebrated in China in October, which led to greater numbers of mainland Chinese tourists making the trip to Macau for gaming purposes.
While the Golden Week holiday played a massive role in the monthly revenue increase, the trend of high monthly revenues for most of this year also shows that Macau has asserted itself as one of the major global centres for live gaming. Revenues for October, August and March this year are the three highest on record for the gaming enclave.
Professional poker was also prevalent in Macau during the record-breaking revenue month, with the Asia Championship of Poker (ACOP) having gotten underway on October 18. Held at the PokerStars LIVE at the City of Dreams poker room, ACOP held events every day in the last 14 days of October and is set to come to a close tomorrow.
Nine out of its 12 scheduled events were held during October, which attracted poker players from all over the region and the world at large. The boost in poker players for the ACOP would have undoubtedly made a contribution, albeit a minor one, to the record-breaking revenue totals.
The record revenue from October could be the start of $4 billion plus revenue months for the territory as a number of initiatives are currently in place to boost its accessibility to tourists. Among those initiatives are ongoing infrastructure projects in Macau, which could likely result in high revenue numbers well into the future.