The chief executive of the local casino operator Melco Crown Entertainment, Rowen Craigie, assured that the business conditions in Macau are improving, Australian media reported on Thursday.
“There are indications that the business environment in Macau is improving,” he stressed during the company’s annual general meeting in Melbourne. “We see long term potential for the Macau market growth given its exposure to China.”
He stated that the recent trading at the Crown Melbourne and Burswood casinos continued to exhibit solid growth. Combined revenue from main floor gaming across the casinos from July 1 to October 21 rose about four percent on the previous corresponding period.
Non-gaming revenue across both properties had recovered somewhat and was now up about five percent over the same period compared. As well, VIP program play turnover across the two casinos was up about five percent.
“While a few domestic customer segments continue to exhibit some signs of softness – and in particular I refer to some corporate events and corporate hotel bookings – these impacts have been offset by growth in other customer segments such as consumer and leisure bookings,” he said.
He added that the casinos are amongst the best performing in the world and ongoing refurbishment and expansion programs will enhance revenue growth into the future.
