Macau November Gambling Revenue Up 42% On Year At MOP17.35 Billion
December 01 2010 - 5:14AM
Dow Jones News
Macau's November gambling revenue surged 42% from a year
earlier, but fell short of the record monthly high set in October
when patronage climbed during the week-long Chinese National Day
holiday at the beginning of that month.
November revenue totaled MOP17.35 billion (US$2.2 billion), up
sharply from MOP12.22 billion a year earlier but 8.1% below
October's MOP18.87 billion, according to data from Macau's Gaming
Inspection and Coordination Bureau.
The figure was in line with Wells Fargo analyst Carlo
Santarelli's MOP17.2 billion forecast Monday based on the first 28
days of the month, but much better than the house's original 29%
year-on-year growth estimate for November. November's slowdown
compared to the previous month was in line with the average
sequential dips in November 2008 and 2009, he said.
In addition to the Golden Week holidays, an extra weekend in
October also boosted gambling revenue. There were five weekends in
October.
Macau gambling revenue in the January-November period rose 57%
from a year earlier to MOP169.46 billion.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com