Erin Tucholka
But that has changed recently, with observers citing greater Continued evidence of Beijing's attempts to rein in Macau - the most recent legislative polls saw a low turnout after several candidates were disqualified under a new law. In 2002, SJM’s monopoly ended when 5 other concessionaires were granted casino licenses: Galaxy, Sands, Melco Resorts, Wynn and MGM. This expansion ushered in the current era of Macau gaming, one characterized by unprecedented revenue growth and explosion. In 2007, casino revenues stood at 10.5 billion US dollars a year. By 2013, that number had swelled to 45.3 billion dollars, a 4.5 fold increase in 6 short years. Year on Year increases averaged well over 30%, with the biggest jump occurring between 2009 and 2011, when casino revenues more than doubled in the space of 24 months.
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