Marvellous March For Macau Gambling
By Brian Cullingworth, Last updated Apr 6, 2018
Macau casinos post 22.2 percent revenue gain
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.