Macau's January casino revenue growth falls short of analysts' estimates
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Hong Kong
CASINO revenue growth in Macau slowed in January, falling short of analysts' estimates as the world's largest gaming hub prepares for what may be another bumpy ride in its recovery from a two-year slump.
Gross gaming receipts rose 3.1 per cent to 19.3 billion patacas (S$3.4 billion), according to data released by Macau's Gaming Inspection and Coordination Bureau on Wednesday. That follows an 8 per cent increase in December and compares with the median estimate of an 8.5 per cent expansion by analysts surveyed by Bloom-berg.
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