Macau gaming revenues reverse decline
20-04-2009
Macau's bad luck may have started to turn, as first-quarter gaming revenues jumped 8.1 percent from the previous quarter after a dismal second half in 2008, official figures showed.
Revenues in the gaming haven were 26.02 billion patacas (US$3.26 billion) in the first three months of this year, up from 24.08 billion patacas in the fourth quarter of 2008, Macau's Gaming Inspection and Coordination Bureau said on its website.
Correspondents say the upturn follows three straight quarter-on-quarter drops in revenue as tighter visa restrictions on visitors from mainland China hit operators.
