12, Apr, 2013

 

Macau gaming revenue rose around 10 percent in the first week of April from a year earlier, according to analyst surveys. Wells Fargo put the overall rise at 11 per cent while RBC Capital Markets put the gain just for tables at 9.6 percent. Both banks expect gains for the full month to fall well short of March's 25.4 percent rise which however this week prompted rating agency Fitch to raise its forecast for annual growth to 11 percent from an earlier 8 percent.

 

12, Apr, 2013

 

A fugitive wanted for allegedly killing two men in the Macau's Grand Lapa Hotel last July was caught by police in Lüliang, Shanxi province. State news agency Xinhua said Wang Lin confessed to stabbing the men from Jiangxi province over gambling debts. Police pursued him through 30 cities in 10 provinces.

 

05, Apr, 2013

 

Macau monthly gross gaming revenues hit an all-time high in March of 31.3 billion patacas ($3.9 billion), topping the previous record of 28.3 billion patacas set in December. Last month's total was 25.4 percent higher than March 2012.

 

05, Apr, 2013

 

05, Apr, 2013

 

The Macau Jockey Club's annual loss rose to about 50 million patacas ($6.3 million) in 2012 from 17.8 million patacas a year earlier. The club blamed the impact on nearby construction works for the city's light railway system, but its president said business rebounded late in the year from a nadir over the summer. Gross revenue from racing bets fell 19.1 percent to 356 million patacas.

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