Sport betting operator Macao SLOT Co Ltd posted a profit of MOP102.9 million (US$12.9 million) in 2013, its annual report shows. The document was published on Wednesday in the city’s Official Gazette. That is a 27.2 percent jump over its results in 2012, when the company had a profit of MOP80.9 million.
Macao SLOT – the name stands for Sociedade de Lotarias e Apostas Mútuas de Macau Lda – holds a de facto monopoly on non-racing sports betting in Macau, including football and basketball.
President Ng Chi Sing stated in its latest annual report that the popularity of the company’s services “is constantly increasing”. He added that Macao SLOT is looking to diversify its sport betting products and also upgrade its systems.
The company’s three-year concession runs until June 2015. U.S.–based Cantor Fitzgerald LP, which runs sports betting in several Las Vegas casinos, said in 2012 it was seeking to expand to Macau.
May 24, 2019Las Vegas Sands Corp is only in the running for a big-city Japan casino licence, said the group’s managing director of global development, George Tanasijevich (pictured), in an interview with...
May 24, 2019
"We like Japan. We like all areas…but it is a matter of what the local government and the local people really want"
Ted Chan Ying Tat
Chief operating officer of Galaxy Entertainment Japan