Bettors wagered a record of us$ 15 billion in its casinos last year
Macau casino revenue rises 70% on gambling junkets
(Macau).- Casino gambling revenue in Macau probably increased 70 % in the first week of June from a year earlier, Deutsche Bank AG analyst Karen Tang said, prompting her to raise her annual forecast.
2010-06-17
Reading time 28 seg
Gambling revenue from the city’s casinos may rise 50 % this year, compared with an earlier forecast of 35 percent, Tang wrote in a report today. Casino operators and companies that bring gamblers to the city see no sign of a slowdown, she said.
“Macau will remain strong in the near team,” Tang said in the report. Revenue grew 98 percent in May from a year earlier because junket operators that bring visitors to the island are benefiting from a “sudden increase” in credit, the report said.
Macau surpassed the Las Vegas Strip as the world’s biggest gambling center in 2006. Bettors wagered a record of us$ 15 billion in Macau’s casinos last year, 9.7 % more than in 2008.
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