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