By Kate O'Keeffe
HONG KONG--Macau gambling revenue hit an all-time monthly high
in March as Chinese players continued to fuel solid growth in the
world's largest gambling market.
Gambling revenue in the Chinese territory rose 25% from the
previous year to 31.34 billion patacas ($3.92 billion) last month,
according to data from Macau's Gaming Inspection and Coordination
Bureau released Tuesday.
The total revenue haul in March bested the territory's previous
monthly record of 28.25 billion patacas set in December 2012.
Grant Govertsen, an analyst from Union Gaming Group, wrote in a
note following the results that he is maintaining his forecast for
Macau's gambling revenue to increase by 16% in 2013 from 2012.
Macau, the only place in China where casino gambling is legal,
generates about six times the gambling revenue of the Las Vegas
Strip. Last year, Macau's gambling revenue rose 14% from 2011.
Write to Kate O'Keeffe at kathryn.OKeeffe@wsj.com