The monthly total was also 4,086.4% more than $398.0m in July 2022. However, last year’s results were impacted by the temporary closure of casinos in line with Covid-19 measures in the region.
In contrast, this year casinos are operating as normal after the measures were relaxed. This followed major nationwide protests against the length and severity of the government’s “zero-Covid” policy.
For the current year-to-date, revenue in the seven months to the end of July amounted to MOP96.80bn. This was 236.0% ahead of MOP26.67bn at the same point in 2022.
New concessions in Macau
Seven applicants applied for the latest concessions. These included incumbents Galaxy Entertainment Group, Las Vegas Sands, MGM Resorts International, Melco Resorts, SJM Resorts and Wynn Resorts, plus Genting Malaysia.
The six operators already active in Macau were chosen. As a result, Genting missed out.