Gambling revenue up 18 percent y-o-y in March as high rollers return
The Macau regulator was as usual quick off the mark with gambling revenue numbers as March drew to a close, releasing the latest figures Saturday which showed that revenue rose 18 percent year-on-year in March, besting expectations and making its eighth consecutive monthly improvement.
Revenue reached 21.2 billion patacas ($2.6 billion) as the regulator noted the return of wealthy gamblers to the island gambling hub off the Chinese coast, probably attracted by the opening of glittering new casino resorts.
The 18 percent improvement outstripped analyst forecasts of a 12 to 16 percent rise in revenue, continuing the upward trend which became evident in the second half of 2016.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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