Macau April Revenues Up Again

Wednesday, May 2,2012 : MACAU DELIVERS AGAIN
 
From strength to strength
 
Cash-rich Chinese mainland visitors kept the momentum going in Macau which according to the regions Gaming Inspection and Coordination Bureau yielded a 21.9 percent rise in gambling revenues during April of 25 billion patacas ($3.13 billion).
 
The former Portuguese enclave's latest results appear to have been positively affected during the month by the opening of a new casino owned by Sands China billionaire Sheldon Adelson.
 
Analysts, however, remain cautious on Macau's long-term ability to deliver similar results due to tough economic conditions.