Profitable period for Macau Slot Company Limited
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Macau Slot Company Limited's profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. The enterprise also chalked up a swell of 15.6% in net revenues for 2021 to almost $77. 8 million, with wagering on football accounting for $51.3 million and basketball for approximately $26.4 million of this amount.
Macau Slot Company Limited is part of the business empire built by the founder of Macau casino operator SJM Holdings Limited. It has the exclusive concession for all retail football and basketball wagering in the former Portuguese enclave. The enterprise recorded a profit of around $11.9 million for 2020.
Macau Slot Company Limited has its local sports wagering concession renewed for a further three years until June of 2024. The company claims its popularity has grown due to the joint efforts of all employees.
Macau Slot Company Limited was granted the enclave's sole football sportsbetting franchise in 1988. The firm was permitted to add betting on basketball two years later.
Macau Slot Company Limited recorded a boost of 43.7% year-on-year in their annual aggregated gross gaming revenues for 2021 to about $10. 7 billion. The industry has since struggled and recently recorded half-time revenue down 46.4% compared to the same period last year at $3.2 billion due to a week-long coronavirus-related lockdown.
