By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNAL
With one month left in 2013, Macau’s casino industry already has blown away its 2012 record gaming revenue production.

In November, Macau casinos collected $3.8 billion from customers, which, when added to the figures from the previous 10 months, gives the market $40.9 billion in gaming revenues in 2013. A year ago, Macau collected a record $38 billion from customers.

The Macau Gaming Inspection and Coordination Bureau released the results Monday.

November’s number, a 21.3 percent in increase, followed October’s single-month record of $4.6 billion in gaming revenues.

“The calendar comparison was favorable with one additional Saturday this year,” Union Gaming Group Principal Grant Govertsen, who is based in Macau, told investors. “There were no notable weather issues this month or in the prior-year period.”

On a year-to-date basis, Macau gaming revenues are up 18.6 percent over 2012.

Las Vegas Sands Corp., Wynn Resorts Ltd., and MGM Resorts International operate casinos in Macau. All three companies are developing new resorts on the Cotai Strip region of Macau.

Analysts expect similar numbers in December.

“Investors and (Wall) Street have low expectations for December gaming revenues as strong (high-end) volumes and high hold drove 20 percent year-over-year growth in December 2012,” Wells Fargo Securities gaming analyst Cameron McKnight said.

This is a developing story. Check Back for updates.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.

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