Macau saw a 15.2 percent rise in visitor non-gaming spend during the third quarter of 2018, outperforming the rise in gross gambling revenue during the period, according to figures from the Statistics and Census Bureau.
Per-capita spending of visitors rose 5.9 percent in the quarter, reaching 2,039 patacas (about US$245), led primarily by an increase on shopping. Total GGR in the period gained just 10.2 percent, as VIP gaming slowed dramatically to growth of just 3.6 percent.
The Macau government in recent years has been pushing Macau’s six operators to diversify their income sources and to improve revenue from non-gaming activities such as shopping, food, drink, and entertainment. It would like to see Macau move closer to a Las Vegas-style model, where non-gaming revenue is at least 60 percent of the total. However, few experts believe Macau will ever reach that kind of revenue split.
2018Q3 spending was led by an increase in visitors from mainland China, increasing 5 percent year-on-year.
However, per capita spending from visitors from Singapore and Taiwan fell 6 percent and 2.2 percent respectively in the same period.
While shopping made up the majority of visitor spending (50.3 percent of the total), visitors also spent on accommodation (24.2 percent) and food & beverage (18.2 percent). (AGB)