Macau Casino Revenues Rise 13%
May. 3 – Macau, the world’s largest gaming destination, saw its casino gambling revenues rise by 13.2 percent in April year-on-year thanks to strong demand from wealthy Chinese customers.
Macau’s gambling revenues totaled 28.3 billion Patacas (US$3.65 billion) this April, which was in line with the forecasts of various analysts. However, April’s revenues were just the second-highest total monthly revenues that Macau had earned this year, behind the record-setting 31.3 billion Patacas (US$3.91 billion) that was hauled in last March.
Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal. Home to half a million people, monthly gambling revenues routinely reach over half of the Las Vegas strip’s annual intake of US$6 billion.
May revenues are also expected to be strong due to the week-long Labor Day holiday at the start of the month.