Macau gambling revenues stayed on their upward trend in March, rising 22.2 percent year-on-year due to sustained demand for gambling from the mainland.
The positive performance is the twentieth month running of gains as the island gambling hub maintains its recovery from a 2014 government clampdown on corruption and a Chinese economy slowdown.
The Macau Gaming Inspection and Coordination bureau on Sunday reported revenues up 22.2 percent to 26 billion patacas ($3.2 billion), comfortably above analyst expectations of 13 percent to 18 percent growth.
However, to keep a sense of perspective, Macau revenues remain far off the highs reached in the hay days of 2014, and are currently around monthly tallies last seen in 2012.
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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.