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Top Insights For 2017 On Real-world Tactics
casino market has outpaced Macau, according to a report released yesterday titled, “ State of the States: The AGA Survey of the Commercial Casino Industry .” The report’s highlights included the finding that the commercial gambling industry in the 24 US states that allow for some form of legalized gambling generated some $40.28 billion in gross gaming revenue in 2017, increasing 3.6% year-on-year. As a result, the US states that have permitted casino gambling were able to pull down $9.23 billion in tax revenues in 2017, or 23% of gross gaming revenue. According to data released by the National Indian Gaming Commission, as cited in the report, tribal casino revenues added an additional $32.40 billion last year, showing a growth rate of 3.9% over 2016. For the same time period, gross gambling revenues in Macau, the former Portuguese enclave and now semi-autonomous Chinese state, totalled $32.87 billion even as the market continued to grow by 19.1% year on year. A Chinese government crackdown on corruption seriously impacted Macau’s bottom line starting in 2012, as Beijing reigned in Macau junket operators who brought in Chinese whales by the plane load and all the cash that went with them. With Macau’s casino revenue base largely centred on high rollers and the VIP crowd, the Chinese government crackdown, and its ability to use facial recognition technology in Macau casinos to screen for corrupt government officials and whales engaged in moving currency out of China via Macau casino play, scared away many of the whales as the number of arrests increased. The gambling mecca’s gross gaming revenues were also hit by Typhoon Hato in 2017, the largest storm to hit the city in half a century. However, as the Chinese government has eased up on its anti-corruption drive, the whales have begun to return to Macau and the city is showing solid growth rates. But it’s not all smooth sailing.
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