By Kate O'Keeffe
HONG KONG--Macau's February gambling revenue rose 12% from the
previous year, besting some analyst forecasts for single-digit
growth in the Chinese territory.
Gambling revenue rose to 27.08 billion patacas ($3.39 billion)
last month, according to data from Macau's Gaming Inspection and
Coordination Bureau released Friday.
Analysts said mass market gamblers played heavily during the key
weeklong Lunar New Year holiday last month. The Lunar New Year fell
in January last year.
Macau, the only place in China where casino gambling is legal,
is the world's largest gambling center. It earns about six times
the gambling revenue of the Las Vegas Strip. Last year, Macau's
gambling revenue rose 14% from 2011.
Write to Kate O'Keeffe at kate.okeeffe@wsj.com
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