Macau Casino Revenue Misses Estimates Amid Tighter Rules
- Casino June revenue up 25.9 percent to 20 billion patacas
- Analysts estimated 30 percent growth for June revenue
This article is for subscribers only.
Casino revenue in Macau missed analyst estimates in June amid concerns of tightening regulation in the world’s biggest gaming hub.
Gross gaming receipts in June rose 25.9 percent to 19.99 billion patacas ($2.49 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau Saturday. That compares with the median estimate for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.