Macau casinos report the first annual profit gain for 3 years

Macau casinos report the first annual profit gain for 3 years

In 2017, gaming profits in the Chinese territory of Macau edged up for the first time for three years because high-end punters' appetite for gambling revives after a protracted government campaign against demonstration of wealth among public officials as well as slowing economic surge.

According to figures from Macau's Gaming Inspection and Coordination bureau released on Monday, profits tacked on 19% for 2017 hitting 265.7 billion patacas.

Market experts had expected 2017 full-year surge of 18%-20% to about $33-$34 billion.

The ex-Portuguese colony and currently special administrative region is clambering back after profits dived to five-year minimums in 2014.

However, profits are still far off the maximums reached ahead of 2014, sticking to monthly tolls observed in 2011, according to data from Thomson Reuters Datastream.

In December, monthly gambling profit surged 15% hitting 22.7 billion patacas, which is a bit lower than experts’ hopes for surge f 17%-20%.


Japan February export surge is caught speeding down

In February, Japan's exports tacked on at a slower tempo than in January because of the timing of the Lunar New Year holiday, although their upward trend’s supposed to stay unchanged with steady external demand, as a Reuters survey disclosed on Friday…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera