Macau January casino revenue grows 33% to us$ 2.3 billion
China, which contributes more than half the number of Macau’s tourist arrivals, may post economic growth of 9.5 % this year, according to the median estimate of eight economists surveyed by Bloomberg. Macau’s visitor arrivals rose 15 % to 25 million last year with 83 % coming from mainland China and Hong Kong, according to government data compiled by Bloomberg.
Casino gambling revenue in Macau rose 58 % to us$ 23 billion last year. That’s more than four times greater than the us$ 5.62 billion for the Las Vegas Strip, according to government data.
Wynn Macau, the Hong Kong-listed casino unit of Wynn Resorts, fell 3.7 % close of trading in Hong Kong, while billionaire Stanley Ho’s SJM Holdings slid 3.7 %. Sands China, the local unit of billionaire Sheldon Adelson’s Las Vegas-based company, declined 1.5 %.
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