Asia's gambling mecca produces stellar revenues for February 2010
Macau, the gambling island off the Chinese coast, continued to stage a significant recovery from past economic doldrums in February, posting gambling revenues of 13.5 billion patacas ($1.69 billion), an increase of about 69 percent over the same period of last year, the Macau Post Daily reported this week.
The gambling island's revenues were up 55 percent in January, too.
The SJM casino group, owned by local gaming magnate Stanley Ho, retained its leading position among Macau's six licensed gaming operators, with a market share of slightly over 30 percent, followed by Sands China, the subsidiary of Las Vegas Sands, with a share of around 22 percent.
There are currently a total of 33 casinos, of which 20 are owned by SJM, and over 4 700 gaming tables in the tiny island city, which has a permanent population of just over 540 000.