Macau’s casinos took in US$10.66 billion in gaming revenue in the first quarter, an increase year on year of 14.8%.
Figures released by the government’s Gaming Inspection and Coordination Bureau show an accumulated rate of revenue growth that has been rising since the beginning of the year, from 7.3% in January to 9.4% in February and 25.4% in March. The March total of $3.91 billion set a new monthly record.
On the heels of the those results, Fitch Ratings has revised upward its estimate for 2013 gaming revenue growth from 8% to 11%. The ratings agency said it expects VIP revenue to grow 4-5% year on year and mass market by 20-25%.
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