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Macau fortunes looking brighter

Profile Photo By: Steve Shellum
February 2, 2017

Macau fortunes looking brighter

Macau – 02 February 2017 – 
Casino revenue in Macau increased in January, extending the industry’s recovery to a sixth consecutive month, while falling short of analysts’ estimates, Bloomberg reported.

Gross gaming revenue rose 3.1 percent to 19.3 billion patacas (US$2.4 billion), according to data from Macau’s Gaming Inspection and Coordination Bureau. That compares with the median estimate of an 8.5 percent rise by eight analysts surveyed by Bloomberg and follows an 8 percent increase in December.

The world’s biggest gaming hub is switching gears to woo tourists and casual gamblers with family-friendly resorts, including Wynn Macau’s US$4.4 billion Palace … Read More

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