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MACAU GAMBLING REVENUE ON THE UP YEAR ON YEAR
01st February, 2011 at 14:41:47
Analysts predict 29% full year growth for Macau over 2011
The Macau Gaming Inspection and Coordination Bureau recorded revenue of 18.57 billion Patacas (US$2.31 billion) for the month of January 2011. The figure indicates a 33% rise in revenue compared to January 2010.
The Chinese New Year is cited as the reason behind January 2011's revenue being slightly behind that of October and December 2010 when record revenues were reported.
Gabriel Chan , Analyst, Credit Suisse Hong Kong said: "33% growth is quite decent indeed, I am still confident with my full-year 29% growth outlook."
In related news, despite the uncertainty surrounding Macau gambling mogul Stanley Ho's dispute over control of his casino empire, Ho's company SJM Holdings Ltd still holds over thirty% of the Macau market in revenue terms and remains the largest operator in the market, reports Dow Jones.
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