Macau January Gambling Revenue Up 35% On Year At MOP25.04 Billion
01 February 2012 - 6:52PM
Dow Jones News
Gambling revenue in Macau rose 35% in January from a year
earlier, government statistics showed Wednesday, as players from
mainland China continued to fuel solid growth, though they failed
to propel the territory to a record haul as some analysts had
forecast earlier.
Macau, the only place in China where casino gambling is legal,
saw gambling revenue rise to MOP25.04 billion (US$3.13 billion)
last month, up from MOP18.57 billion a year earlier, according to
data from Macau's Gaming Inspection and Coordination Bureau. The
figure was bolstered by the Lunar New Year holidays but fell short
of the all-time monthly high of MOP26.85 billion hit in
October.
The Chinese territory remains the largest gambling center in the
world many times over. Last year it raked in more than five times
the gambling revenue analysts estimate the Las Vegas Strip
earned.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com