Macau April revenue growth in double digits


Macau gaming revenue rose around 10 percent in the first week of April from a year earlier, according to analyst surveys. Wells Fargo put the overall rise at 11 per cent while RBC Capital Markets put the gain just for tables at 9.6 percent. Both banks expect gains for the full month to fall well short of March’s 25.4 percent rise which however this week prompted rating agency Fitch to raise its forecast for annual growth to 11 percent from an earlier 8 percent.