Macau’s gaming market may grow by as much as 15 per cent next year, credit rating agency Standard & Poor’s has said.
The latest figures from Macau’s Gaming Inspection Bureau show that its casinos enjoyed a 32.9 per cent year-on-year increase in revenue to 23bn patacas ($2.9bn) in November, with revenues up 44 per cent compared to the first 11 months of 2010.
It is thought that the amount collected solely in gaming taxes in Macau will soon be greater than Las Vegas’ combined gaming revenues.
Singapore’s two casinos, meanwhile, are expected to generate around $4bn in revenues this year as they continue their staggering rise.
Although Standard & Poor’s suggested that the Asia-Pacific gaming market will see moderate growth in 2012, casinos Macau and Singapore will still lead the way.
“We expect growth rates in Macau and Singapore, the gaming hotspots in the region, to moderate in the next 12 months," said credit analyst Joe Poon. "Our base-case forecast for the Macau gaming market is growth in gross gaming revenue of 10 per cent-15 per cent in 2012.
“We expect net gaming revenue in Singapore to grow by five per cent-10 per cent in 2012."
