International edition
June 12, 2021

To us$ 3.13 billion

Macau gambling revenue jumps 22 % in April

(Macau).- Macau posted an 21.9 percent rise in April gambling revenue to us$ 3.13 billion, government data showed this week, after the opening of a new us$ 4 billion casino drew strong demand from large-pocketed Chinese visitors.

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tiny enclave off China's southern coast, Macau's booming casino town has been a goldmine for for U.S. casino giants such as Las Vegas Sands who have reaped stellar profits from their Macau subsidiaries.

Mainland visitors, who can access the hub via an hour ferry ride from Hong Kong or through nearby Chinese city Zhuhai, contribute the bulk of revenues in Macau as it is the only place where they can legally casino gamble.

Sands China, gambling billionaire Sheldon Adelson's us$ 4 billion company, opened its new casino opposite its trademark Venetian property on April 11. 

With economic growth in China cooling from previously red-hot growth and small to mid sized factories struggling, some Macau analysts remain cautious that a slowdown in the mainland coupled with a rise in bad loans could impact gambling revenues.

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