Cotai to make a huge impact with the gross gambling revenue expected to achieve record-breaking figures in 2019
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The gross gaming revenue in Cotai registered a growth from 45.5 percent of Macau’s total in 2014 to 61.4 percent at the end of 2017’s fourth quarter.
With the flourishing of gambling in Macau, has highly influenced the growth of the Cotai district. During the fourth quarter of 2017, GGR in Macau was mainly pushed by Cotai’s figures, which amounted to 61.4 percent of the total rake.
The major contribution from Cotai meant a 15.9 percent improvement from the first quarter of 2014 when it reached 45.5 percent. It was also matched with an 11.3-point escalation in all four- and five-star hotel rooms’ percentage contributed by Cotai during that time, hiking from 47 to 58.3 percent.
Information was revealed by Melco resorts through an investor presentation which also reports that Cotai’s share of Macau mass-market GGR rose to 64.2 percent by the end of 2017 from 51.3 percent in Q1 of 2014.
Melco operates two venues in Cotai: City of Dreams Macau – which will add a fifth hotel tower with space for premium mass gambling tables – and Studio City, the facility that has offered VIP gambling since 2016.
According to Bloomberg, gross gambling revenue is anticipated to achieve record-breaking figures in 2019 and jump by 14 percent during next year. After what Melco’s report revealed, expect Cotai to make a huge impact in the upcoming growth.
Source: European Gaming Industry News