Macau Casinos registers best winnings in almost 2 years

In Macau, three dozen casinos accounted their gaming revenue of US$ 2.4 billion back in February, 2016 – a number that was almost unchanged from a year ago, said the city’s government on Tuesday.

As per a report from Las Vegas Review-Journal, the fall of less than 1% year-over-over is the firmest performance for the casinos in twenty-one months. Gaming victory fell by more than 21% in January that was the twentieth straight month that gaming victory went down year-over-year.
The gaming revenue of the city went down 34% year-over-year to US$ 29 billion in the year 2015. It was the 2nd year of less gaming revenue than year before that. In 2013, Macau had a record $45.2 billion gaming revenue. The city’s gaming revenue has been forecast to go down by another 8% in the year 2016, as per a report from Bloomberg, though the performance in February could bode well for this year. February did have an extra day because of leap year.

When gaming gain went down 28.4% year-over-year this last October it was then the 1st month since 2015’s January when gaming revenue fell less than thirty percent. The performance in February is good news for casino operators Wynn Resorts and MGM Resorts International. Both companies are in the middle of casino programs in the ex Portuguese colony and they have each went through construction delays.