According to Macau’s Gaming Inspection and Coordination Bureau, Macau’s gross gaming revenue (GGR) in the first quarter of 2023 reached about 45 percent of pre-Covid levels, with mass-market GGR at about 67 percent of 2019’s level, while the VIP segment only rose to 23 percent. The overall GGR rose to MOP34.6 billion ($4.3 billion) in the first quarter of 2023, up 95 percent from a year earlier, compared with MOP76.2 billion in the first quarter of 2019. Macau’s Secretary for Economy and Finance, Lei Wai Nong, recently revealed that Macau welcomed more than 98,000 tourists on Saturday, April 15th, and visitor arrivals in Macau this year have recovered to about 58 percent of pre-COVID levels. The gaming operators in Macau have pledged to spend in […]

According to the Indiana Gaming Commission’s casino revenue report for March, the state generated $217.9 million in adjusted revenue from its 12 casinos. This is a 3.4% year-over-year decline, and deductions in March reduced the state’s taxable revenue to $211.4 million. Indiana collected $69 million in tax revenue from its casinos and another $65.4 million in wagering taxes. For the first nine months of the fiscal year, the state received a total of $484.4 million in taxes. Three of the state’s four heavy hitters posted year-over-year increases in casino revenue, with Hard Rock North Indiana in Gary leading the way with $38.2 million in revenue. Shelbyville’s Horseshoe Indianapolis and Caesars Southern Indiana in Elizabeth raked in $29.2 million and $23 million, respectively. However, these increases […]