Reuters reports a record $4, 8 billion in gaming revenues generated on the island of Macau off the Chinese mainland, just in the month of February, which is exceeding all analyst expectations.
A week-long national holiday attracted wealthy customers, spending big, creating impressive record revenues. The experts estimated a growth of 29-35 percent which was greatly exceeded in Macau during February with gambling revenue growth of 40 percent, or 38 billion patacas. This translates to Macau earning the equivalent of Las Vegas's annual haul in less than two months.
As Reuters reports, Macau’s $4.8 billion can easily be compared to Singapore’s 2013 annual haul of $6 billion and Las Vegas’s $6.5 billion
The record followed after an insignificant growth in January when revenues came in at 28.7 billion patacas with Chinese customers delaying their trips until the holiday period.
Improving the infrastructure developments, shortening the journey from the mainland to Macau will increase a further demand for gambling, predict analysts, estimating a mass market growth of 25-30 percent for Macau this year.