Macau, the special administrative region of China in the South China Sea measuring just 30 square kilometres, became the world’s 3rd largest gambling jurisdiction in 2010, according to research for GBGC’s new, seventh edition of its market leading Global Gambling Report.
Macau leapt into 3rd place with total gambling revenues of US$ 23.83 billion in 2010, ahead of Italy and the UK. Only the US and Japan now lie in front of Macau in the rankings. Macau’s casino gaming revenues rose by 42% to US$ 33.40 billion in 2011 and it is closing in fast on Japan in second place. Macau’s gaming sector is showing no signs of slowing in 2012 and revenues are up 27% in the first quarter of the year.
These top 5 markets accounted for 53% of all global gambling revenues.
“After a slowdown in 2009, the performance of Macau’s casinos has been remarkable in 2010 and 2011. Macau entered the top 5 in 2010 and if its growth continues at a similar pace for the next few years it is not inconceivable it could take second place from Japan. Of course, if Japan finally permits integrated casino resorts this will help boost its gambling revenues and keep it ahead of Macau,” explained GBGC’s Director Lorien Pilling.
April 2012 saw Sands China open the latest stage of its development on Macau’s Cotai Strip. Costing some US$ 5 billion on completion, Sands Cotai Central is adding 5,800 new hotel rooms to Macau and more than one million square feet of retail, entertainment and dining space.
The completion of Sands Cotai Central follows on from nearby Galaxy Macau’s opening last year, as the Cotai Strip, which not too many years ago was under water and swamp, becomes the battleground between casino operators for market share in Macau.
Global Gambling Report 7th Edition Available Now
The 7th edition of GBGC’s Global Gambling Report Against The Odds is available for purchase now.
The latest edition of the Global Gambling Report continues to provide a comprehensive assessment of the gambling activities in markets around the world.
The report contains more than 250 individual country reports detailing gambling regulation, gambling data, and news about gambling operators and activities. These country reports cover markets on every continent.
In addition the Global Gambling Report includes extensive data for all gambling activities.
New for the 7th edition of the report there are now full global appendices for 2007, 2008, 2009, and 2010.
Global Betting and Gaming Consultants’ unrivalled Key Markets Database contains a sequence of gambling revenues from 2001 with forecasts to 2015.
This database covers 86% of global revenues and includes all gambling categories: horseracing, betting, casino, native American gaming, machines, lotteries, and bingo. More details here.
Global Betting and Gaming Consultants’ Director Lorien Pilling explained, “The title for the current edition, Against The Odds, reflects how the new economic era has caused certain governments to change their stance on gambling as finances become tight. They see gambling as a new source of revenues and, as a result, we are seeing gambling – or additional forms of gambling – being permitted in some surprising markets. Against all the odds, gambling is expanding.”
The specialist Global Gambling Report is essential reading for gambling executives.
Available either as part of GBGC’s Platinum Subscription or as a one-off report.