By Kate O'Keeffe
HONG KONG--Macau's January gambling revenue rose 7.3% from the
same month a year earlier, falling short of a pack of analyst
forecasts tipping double-digit growth in the Chinese territory.
Gambling revenue rose to 26.86 billion patacas ($3.36 billion)
last month, according to data from Macau's Gaming Inspection and
Coordination Bureau released Friday. The figure follows an all-time
high set in December 2012 during which revenue ballooned to
MOP28.25 billion.
Analysts had said they anticipated a lull in play ahead of the
key Lunar New Year holiday, which falls in February this year but
fell in January last year. Even so they had forecast growth as high
as 12% for January.
Macau, the only place in China where casino gambling is legal,
is the world's largest gambling center. It earns about six times
the gambling revenue of the Las Vegas Strip. Last year, Macau's
gambling revenue rose 14% from 2011.
Write to Kate O'Keeffe at kate.okeeffe@wsj.com
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