Gambling revenue growth lower than estimates at 7 percent
China’s offshore gambling island of Macau delivered 28.7 billion patacas ($3.6 billion) in gambling revenues for the first month of 2014, recording its lowest growth rate since October 2012 at 7 percent.
The performance was substantially lower analyst estimates of 11 to 15 percent despite a boost from Chinese mainland visitors prior to a week-long national holiday.
The Reuters news agency reports that gambling demand is seasonally subdued in Macau ahead of the Chinese New Year holiday, which started on Jan. 31, with many visitors saving their visits for the holiday period.
Online Casino News Courtesy of Infopowa