Strong business is being reported in Macau where casino revenue growth in March moved forward at the fastest pace in eight months. Industry observers say both high rollers and leisure gamblers are returning to the world’s largest gaming center where U.S. companies such as MGM Resorts International and Las Vegas Sands are among the major operators.
Gross gaming receipts rose 18.1 percent to 21.2 billion patacas (U.S. $2.65 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau Saturday. That follows a 17.8 percent jump in February.
Macau, the only place in China where gambling is legal, has been battered in recent years by a crackdown on corruption by the mainland government.