Macau February Gambling Revenue Up 48% At Record MOP19.86 Billion
01 Março 2011 - 5:06AM
Dow Jones News
Gambling revenue in Macau leapt 48% in February from a year
earlier, government statistics issued Tuesday show, as mainland
Chinese visitors to the territory helped push revenue to a record
high.
Gambling revenue rose to a record MOP19.86 billion (US$2.47
billion) during the month, from MOP13.45 billion a year earlier,
according to data from Macau's Gaming Inspection and Coordination
Bureau. The figure broke the previous monthly record of MOP18.88
billion, hit in December 2010.
Revenue growth in February was faster than the 33% rise recorded
in January but slower than the 58% surge for all of 2010 because of
a higher comparison base.
Macau's gambling revenue has made a dramatic recovery since the
end of 2009, as the city came roaring back from the global economic
downturn, a swine flu outbreak and mainland China visa restrictions
in the first half of 2009.
The fresh record gambling revenue comes despite Beijing and
Macau officials urging the city to diversify its economy away from
the lucrative casino business and efforts by the local government
to tame the industry's growth.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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