- Macau gaming revenue increased 18.1% to 21.2B ($2.6B) patacas in March, according to data from the Gaming Inspection and Coordination Bureau. The consensus estimate from Bloomberg Intelligence was for a 15% gain.
- The gambling region has now recorded 8 straight months of positive growth.
- Q1 gaming revenue +13% to 63.48B patacas.
- Analysts have pushed their 2017 revenue forecasts for Macau higher over the last few weeks, although some concerns over the VIP segment still linger.
- Previously: Macau revenue estimates pushed higher (March 31)
- Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (MPEL).
- Related ETF: BJK