The October returns on gambling in Macau were a record US$2.33bn.
Total revenues for the first half of 2010 rose 67 per cent, which is four times the total drop in Las Vegas for the same period. Macau’s 33 casinos enjoyed increased business from wealthy Chinese businessmen, in the main.
It is thought that with inflation in China expected to reach four per cent this month and savings rates in banks at only 2.5 per cent, many high rollers are preferring to gamble rather than save.
Macau had 685,000 visitors in October, 70 per cent of them from mainland China. Baccarat remains the most popular game in Macau casinos, accounting for over 70 per cent of revenues.
Stanley Ho’s SJM Group alone had higher revenues than all of the casinos on the Las Vegas Strip and Sands China showed a 329 per cent increase in profit in the first half.
