The past one and a half years have not been easy on most businesses, unlike the gambling business! We could see the revenue numbers going up and up by every month. And now, it looks like that this tendency is not something that is soon going to change. There is for example Macau, where the revenue updates from May show this exact fact to be true.
Macau is a really special place in many aspects, and that also includes gambling. For those who wish to gamble on its territory, the possibilities are basically unlimited. Macau has a long history with the business, so it had plenty of time to make it complete and fulfill any gambling desire. These are probably the main reason why it is the pre-eminent gambling capital in the whole world. And also, it is grossing the highest amount in revenues over all the other gambling centers or cities in the whole world. If we check out the revenue updates in Macau from May, we can see that in the current state of the world, they are still doing fine. But how fine? Keep on reading to find out!
Gambling in Macau
As mentioned above, Macau is something one might call a special place. It is a city and special administrative region of China, in the western Pearl River Delta by the South China Sea. It has a population of about 680,000, and it has an area of 32.9 km2. And with these numbers, it is the most densely populated region in the world. And when it comes to wagering, there is a lot to say too!
The region has been long associated with gambling. The practice has been legal since the 1850s! That is when the Portuguese government legalized it in the autonomous colony. Ever since then it has been growing, evolving, and slowly, but surely becoming one of the gambling capitals of the world. Therefore, gambling tourism is extremely high, being the biggest source of revenue. In the past, they only played Chinese games, but since the 20thcentury they also have western-style games. As for today, the games can be divided into 4 categories. These are casino games, greyhound racing, sports betting, and lotteries. And as Macau does not license online gambling operators, it is like candy land for them. And also, that is why there are so many online gambling sites in Macau. Sites like MostBet Casino would not miss the opportunity – understandably.
Macau Revenue Updates in May
Online gambling news sites in Macau, and basically the whole world started to deal with the revenues in Macau after they revealed how much it was. It was Macau’s Gaming Inspection and Coordination Bureau (DICJ) that reported the city’s GGR of MOP. And it is amazing! It was around 1.31 billion dollars, only in May 2021! Compared to the previous year it is a massive growth that no one saw coming. It is a 492% increase! Also, it is the highest monthly GGR that DICJ reported in this year – so far. Of course, there is still more than half the year to top this off!
High revenues, high times
As the revenues are going up, it is good for the city, as their incomes are growing with the revenues. It is also great for all the operators in the country, like MostBet Casino, as they are getting more income too. But these times – now, that more visitors can move around the territory – are also good for brick-and-mortar casinos. Presumably, they will be the biggest winners of all this, after being closed down for quite a long time. Soon we will see what the rest of the year brings us!