Wednesday, May 4, 2011

Gaming Revenue of Macao Soared in April

According to Gaming  Inspection and Coordination Bureau of Macao (DICJ), casino revenue in Macau, the world's biggest gaming market, rose 44.6 percent in April to 20.5 billion patacas ($2.56 billion. $1 = 8.020 Macau Patacas). This is about 4 times the market size of Las Vegas.

Accumulated revenue for the first four months of 2011 rose 43.3 percent 79.0 billion patacas.

From Reuters, Macau's casino industry is booming on robust demand from gamblers from mainland China, which account for the bulk of the territory's visitors. The former Portuguese enclave is the only place in China where mainland Chinese can legally gamble.

Casino stocks that have exposures in Macao include LVS, MPEL, WYNN and MGM.

Disclaimer: This blog is for general information purpose only. Stocks/financial instruments mentioned in this blog are not to be taken as investment advice/recommendation. Readers must consult their own financial advisors and/or consider their own risk/reward profile before making investment/trading decisions. The blog author is not liable for any investment/trading decisions of readers should readers decide to base the decisions on information provided by the blog.

Disclosure: The blog author does not own any of the above mentioned stocks in her personal account as of May 4, 2011.

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