Gambling revenue in Macau, the world’s biggest gambling destination, surged 21.9 percent to MOP25 billion (USD3.13b) in April, in line with analyst forecasts, after the opening of a new USD4 billion casino drew strong demand from deep-pocketed Chinese visitors.
A tiny enclave off China’s southern coast, Macau’s booming casino town has been a goldmine for US casino giants such as Las Vegas Sands, which have reaped stellar profits from their Macau subsidiaries.
(Source: The Business Times )