Monopoly situation in Macau expected to continue

Monopoly situation in Macau expected to continue

May 19, 2017 1:04 PM

Asian Gaming Brief says a report from a gaming regulator in China shows that about a billion U.S. dollars was bet last year just in Macau on football and basketball alone.

The Asian Racing Federation estimates that about $72.5 billion (US) is bet illegally each year in China’s Guangdong province alone.

Speaking at a panel at G2E Asia, Sands China President and Executive Director Wilfred Wong said he expected the monopoly situation in Macau to continue for the next few years.

“But what we may do is to try to see how we can cooperate with this operator because we agree that sports betting is prevalent everywhere and we would like to be able to provide this offering to our customers,” he said, according to Asian Gaming Brief. No further details were given.

Experts believe China remains the single largest sports betting nation in the world, almost all of it strictly illegal and therefore unregulated.