52 GaminG
deceleration of total gaming revenues
growth also point to a diminished impor-
tance of this market’s segment. This is in
line with the Macau government’s objec-
tive of reinforcing mass gaming, with a
fundamental link to tourism.
“The crisis has brought greater pru-
dence in credit concession from the pro-
moters to the gamblers and that reflects
on gross revenues in the gaming sector
and the VIP market’s importance,’’ the
analyst said, adding that the whole proc-
Strong VIP
may change all that and harm the sector’s ess is “worsened by the restrictions of
development. individual visas issued by the Chinese
In 2008, VIP gaming reached gross authorities”.
VIP gaming is growing
revenues of MOP74.1 billion patacas With a strong growth of the tourism
in importance but the
(US$9.26 billion), or 68.13 percent of the sector in recent years – Macau was visited
total MOP108.77 billion (US$13.6 bil- by more than 27 million tourists in 2007 -
financial crisis and visa
lion) of gaming revenues. and the new projects launched by several
limitations may damage
In 2005, from the total MOP46 bil- operators, the mass market should have
the sector’s growth
lion (US$5.75 billion), VIP revenues ac- developed more and weighed more in the
counted for MOP28.86 billion (US$3.6 revenue structure, the analyst added.
T
he importance of VIP gaming to billion), or 62.68 percent of the total. In the first months of 2009, the gam-
overall casinos revenues has been A market analyst told Lusa News ing sector should register monthly gross
increasing in the last few years, Agency that despite the increased impor- revenues of seven to eight billion, well
but the global financial crisis and restric- tance of the VIP revenues – which have below the average ten billion per month
tions on individual visas for mainlanders grown since at least 2005 - the recent in the first quarter of 2008.
february 2009
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