Sports betting revenue rises racing revenue declines

The Gaming Inspection and Coordination Bureau said that gross revenue from football betting increased by 15.5 percent year-on-year to MOP418 million (US$52.3 million), while basketball betting gross revenue reached MOP111 million in 2012, an increase of over 29 percent.  Meanwhile, gross revenue from horse racing betting dropped to MOP356 million, down 19.1 percent from 2011, and greyhound racing gross revenue dropped even further – by 31 percent, to MOP205 million.  Macau Slot – Sociedade de Lotarias e Apostas Mútuas de Macau Lda – runs non-racing sports betting in Macau.  It also owns the Jockey Club and the Canidrome