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MACAU HEADED FOR NEW GAMBLING REVENUE HEIGHTS IN MARCH?
14th March, 2012 at 01:32:30
Analysts bullish on further revenue gains
The business publication Forbes reports that gross gaming revenues (GGR) in Macau, the Chinese offshore island gambling mecca, could be on track for an all-time high in March.
Channel checks for the first 11 days of March suggest GGR is growing at an impressive 40% annual rate, according to Citi. Revenue has already hit 9.3 billion Macau patacas ($1.16 billion) and could be on track to exceed the 26.8 billion pataca ($3.35 billion) record set last October.
Analysts at Nomura are slightly less optimistic, Forbes reports. Forecasting March GGR of 25.5 billion patacas ($3.19 billion) on data from the first 11 days of the month this would imply about 27% year-over-year growth.
Related News Tags: China
BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING
29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.
NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED
28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.
OURGAME LOOKS TO GLOBAL EXPANSION
27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.
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21st March, 2017 at 11:24:11
Foreign companies likely to feel the impact as Q1-2017 sees a significant 74 percent decline in outgoing investment capital.
LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?