Macau gambling revenue up 7.3 pct

 

Gambling revenue in Macau rose 7.3 percent in January year-on-year, riding on the waves of mainland punters. January’s revenue at USD $3.4 billion was slightly weaker than analysts’ forecasts of 10-12 percent growth. Macau raked in $38 billion in annual gambling revenues last year. Seasonally gambling revenue dips ahead of the Chinese New Year holiday period, which this year starts on February 10, and accelerates again once the holiday season begins, Reuters reports.