Revenues in Macau Up 40 Percent In February
The Chinese gambling hub of Macau continues to lead the way in record breaking revenues. As reported last year saw revenues increase by 18.6% to reach $45 billion. The latest gaming figures for February have just been released and there seems to be no slowing down as gaming revenues reached $4.8 billion which given a boost by a week-long national holiday and well to do gamblers .
Analyst estimates were between 29-35 percent and the 40% spike is more good news for the world’s largest gaming hub. To put things in perspective the annual revenues of Las Vegas are less than two months of Macau’s revenues. The good news for major shareholders like Sheldon Adelson in this area is that the forecasts expect further growth as more infrastructure is planned which will enable even more Chinese to gamble. Macau is a former Portuguese colony until 1999 where it was given over to China and is currently the only place in China where casinos are permitted.