Friday May 2,2014 : MACAU LAND GAMBLING DOES IT AGAIN
April revenues up more than expected thanks to strong Chinese punter support.
The world's most consistently successfully land gambling enclave, Macau off the Chinese mainland, has again exceeded analyst expectations, delivering a 10.6 percent increase in revenues against analyst predictions of 6 to 8 percent.
The Reuters news agency reports that casinos raked in 31.3 billion patacas ($3.9 billion) in gambling revenue in April thanks to strong spending by Chinese visitors.
Macau earns the equivalent of Las Vegas' annual haul in less than two months. Annual revenues reached a record $45 billion in 2013, elevating the tiny island territory high above rival gaming destinations.