Macau gaming revenue up 11.5 pct

Macau gambling revenue in February was $3.39 billion, the Gaming Inspection and Coordination Bureau announced earlier today, in line with the most optimistic analyst forecasts. The numbers represent an 11.5 percent rise when compared with February 2012, thanks in large part to Chinese New Year falling in February instead of January this year and a growth in mass market returns as VIPs shied away from the holiday crowds. While visitation was down year on year, Macau still welcomed around 1 million visitors. Spending was also down.