Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Stock Exchange of Hong Kong  >  Wynn Macau Ltd    1128   KYG981491007

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Macau April Gambling Revenue Up 22% On Year At MOP25.00 Billion

05/02/2012 | 03:05am US/Eastern

Gambling revenue in Macau rose 22% in April from a year earlier, government statistics showed Wednesday, as players from mainland China continued to fuel growth, though not at as quick a pace as the year before.

Gambling revenue in Macau, the only place in China where casino gambling is legal, rose to MOP25 billion (US$3.13 billion) last month, up from MOP20.51 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. Revenue in the first four months rose 26% from a year earlier to MOP99.32 billion.

Macau's revenue growth has been explosive since the end of 2009 as players have continued to place bets regardless of China's tightening measures and local government policies aimed at slowing growth to a more measured pace. Analysts expect the pace of growth to slow in 2012, however, due to a high base of comparison last year and concerns about the sustainability of the aggressive growth in VIP play. The most bearish gambling revenue growth estimates for the territory hover around 11% compared with last year's 42% rise.

The Chinese territory remains the largest gambling center in the world many times over. Last year it raked in more than five times the gambling revenue of the Las Vegas Strip.

-By Kate O'Keeffe and Yvonne Lee, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com

React to this article
Latest news on WYNN MACAU LTD
08/30 Despite raids, Macau pawn shops still help flout currency rules
08/21 WYNN MACAU : H1 Makes Less Money
08/20 WYNN MACAU : 1H net down 60.6% to HK$1.44bn; no div
08/20DJWYNN MACAU : 1st-Half Net Profit Plunges 61% on Weak Casino Revenues
08/10 WYNN MACAU : 1H adjusted property EBITDA down 44.2%
08/05 WYNN RESORTS : Reports Second Quarter 2015 Results
07/30 WYNN MACAU : Last Quarter Makes Less Money
07/30 WYNN MACAU : battling through storm
07/30 WYNN MACAU : 2Q net profit down 62.5% to US$73.6m
07/29DJWYNN MACAU : 2Q Net Profit Down 62% From Year Earlier
Advertisement
Chart
Duration : Period :
Wynn Macau Ltd Technical Analysis Chart | 1128 | KYG981491007 | 4-Traders
Income Statement Evolution
More Financials