The gross revenue of Macao's casinos saw a year-on-year rise of 30.5 percent in 2008, according to statistics released Thursday by the city's Statistics and Census Service (DSEC).

The figures showed that total receipts of the gaming sector amounted to 111.17 billion patacas (14.7 billion U.S. dollars), of which receipts from gaming and related services amounted to 111.01 billion patacas (14.5 billion U.S. dollars). Interest receipts dropped by 31.3 percent to 162 million patacas (20.5 million U.S. dollars).

Meanwhile, total expenditure of the gaming sector reached 57.99 billion patacas (734 million U.S. dollars), up notably by 29.9 percent, with purchase of goods and commission paid soaring by 37. 7 percent from 2007 to 32.95 billion patacas (4.17 billion U.S. dollars).

According to the figures, gaming sector's gross value added that measures the sectoral contribution to the economy also went up by 31.0 percent to 67.19 billion patacas (8.5 billion U.S. dollars). However, gross fixed capital formation fell sharply by 88.3 percent upon conclusion of the construction of major tourism and gaming facilities, as well as suspension of other projects.

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