International edition
June 19, 2021

For ninth consecutive month

Macau gambling revenue rises in April

Macau gambling revenue rises in April
Revenue at the world's biggest casino hub of Macau rose 16.3% in April, as new resorts helped draw high rollers and casual gamblers to the country's only legal casino hub.
Macau | 05/05/2017

Revenue at the world's biggest casino hub of Macau rose 16.3% in April, as new resorts helped draw high rollers and casual gamblers to the country's only legal casino hub.

G

ambling revenue in the southern Chinese territory in April was 20.2 billion patacas ($2.52 billion), government data showed recently.

Analysts were expecting 13-17 percent growth.

Chinese President Xi Jinping's campaign against shows of wealth by public officials in 2014 had dried up the stream of VIP spenders from the mainland.

Analysts however remain cautious on the sustainability of revenues though they have called a bottom to Macau's over two-year slump.

For the year-to-date period, revenue from Mecau region climbed 13.8 percent to 83.640 billion patacas. In any case, the region is a key factor for all gaming companies that have a base in Mecau.

The following stocks are trading at last check:

- Las Vegas Sands Corp. (NYSE:LVS) is trading up 0.83 percent.

- Wynn Resorts, Limited (NASDAQ:WYNN) is gaining 2.57 percent.

- MGM Resorts International (NYSE:MGM) is up 0.85 percent.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook