New casinos add to booming gaming revenue
Macao’s casino industry will likely see record gross revenues of 83 billion patacas (10 billion U.S. dollars) in 2007, an increase of 46.5 percent over last year, The Macao Post Daily reported on Wednesday.
The casinos’ gross receipts were expected to reach 8.1 billion patacas (1.03 billion U.S. dollars) in December, the daily quoted a senior official of Macao’s Gaming Inspection and Coordination Bureau as saying.
He added that the Las-Vegas-style casino resort MGM Grand Macao, opened on Dec. 18, recorded gross receipts of 51.5 million patacas (6.6 million U.S. dollars) in its first two days of operations.
The opening of MGM Grand has added to the number of casinos in Macao to 28, including the Macao Palace floating casino that is currently closed for renovation works.
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