Posts Tagged ‘Nomura Equity Research’

More Rungood for Macau

by , Jul 11, 2013 | 7:51 am

Macau gaming revenue grew 21.1 percent in June, as the world’s largest casino market continues to benefit from a nonstop supply of middle-class Chinese gamblers eager to place their bets in the former Portuguese colony.

Gambling revenue in the Chinese territory, just across the strait from Hong Kong, rose to $3.54 billion, according to figures released Monday by the Macau Gaming Inspection and Coordination Bureau. Analysts had forecast June growth to be up 18 percent to 22 percent.

Macau is the only place in China where people can legally gamble at casinos.

In May, revenues grew 13.5 percent to $3.7 billion, the second-largest single month collection ever recorded in Macau. The Chinese gambling enclave broke its monthly gaming revenue mark in March when casinos collected $3.92 billion.

Harry Curtis, an analyst with Nomura Equity Research, attributed the monthly numbers to a “stronger-than-expected final week” of June, as the “mass market headcount remains strong.”

There are two types of gamblers in Macau — mass market, which are mainly middle-class workers from China and elsewhere in Asia, and VIP or so-called high rollers.

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