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Macau revenue up 26.0% to MOP18.54bn in April

| By Robert Fletcher
Gambling revenue in Macau amounted to MOP18.54bn (£1.84bn/€2.15bn/$2.30bn) in April, a 26.0% increase on the same month last year but short of March’s total.
Macau April

The monthly figure comfortably surpassed the MOP14.72 posted in April 2023. However, it was 4.9% behind the MOP19.50bn generated in Macau in March of this year

Incidentally, the March figure was the joint-highest monthly amount since before the start of the pandemic. 

Despite this success, the April total is still some way short of average monthly revenue in Macau before Covid-19, with this regularly exceeding MOP20.00bn. Macau has not hit these heights since January 2020.

In terms of how April impacted the year-to-date, total revenue in the four months to the end of April hit MOP75.87bn. This is 53.7% ahead of the same point in 2023, when revenue was at MOP49.36bn.

How are operators performing in Macau?

Several major land-based casino operators with interest in Macau have reported quarterly results in recent weeks. While these do not include April’s figures, they offer a flavour as to how they are continuing to recover in Macau since pandemic restrictions were withdrawn in January 2023.

First to report was Las Vegas Sands. Last month, the group said growth in Macau helped to drive revenue up 39.6% to $2.96bn in Q1.

Operations in the region generated $1.81bn in revenue, an increase of 41.6% from last year.

Sands’ Venetian Macau proved the most successful venue here with revenue up by 28.2% to $771m. It also noted growth across the Londoner Macau, Parisian Macau, Plaza Macau and Four Seasons Macau facilities.

Elsewhere in Macau, Melco Resorts & Entertainment this week hailed ongoing recovery. This, it said, helped push group revenue up by 55.2% year-on-year to $1.11bn, with each of its Macau properties reporting growth.

Its City of Dreams venue in Macau was the most successful of its properties, with revenue up 53.8% at $550.9m. Incidentally, growth in Macau also played a key part in Melco returning to net profit in Q1.

Also this week, MGM Resorts International posted record quarterly revenue in China during Q1. Group revenue climbed 13.2% to an all-time high of $4.83bn, with $1.06bn of this total coming from its MGM China segment.

MGM operates both the MGM Cotai and MGM Macau properties in the Macau region.

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