Revenue up 25% on year in March
New all-time high for Macau casinos
2013-04-03
Reading time 29 seg
(Macau).- Macau gambling revenue hit an all-time monthly high in March as Chinese players continued to fuel solid growth. Gambling revenue rose 25% from the previous year to us$3.92 billion last month, according to data from Macau'sGaming Inspection and Coordination Bureau.
The total revenue haul in March bested the territory's previous monthly record of 28.25 billion patacas set in December 2012.
Grant Govertsen, an analyst from Union Gaming Group, wrote in a note following the results that he is maintaining his forecast for Macau's gambling revenue to increase by 16% in 2013 from 2012.
Macau, the only place in China where casino gambling is legal, generates about six times the gambling revenue of the Las Vegas Strip. Last year, Macau's gambling revenue rose 14% from 2011.
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