Macau Growth Slower Than Expected

MACAU GROWTH SLOWER THAN EXPECTED

02nd July, 2012 at 09:52:40
Source: http://www.azonlinecasinos.com

Latest figures bear out Analysts predictions

Although Macau 's revenue growth figures report a rise over the previous month of May, they were slower than the 15% expected increase.

Analyst's remain bullish on the Macau gambling market for the medium term said Reuters, despite the enclave's meteoric gambling revenue growth slowing over the past few months.

According to Macau's Gaming Inspection and Coordination Bureau, June gambling revenue over the month of June recorded 23.3 billion patacas (approx. $2.9 billion), up 12.2% from a year earlier.

The slow-down is attributed to tight economic times in China, curbing mainland high roller visitor's spending.

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