Macau gambling profits edge up 16.3% in April

Macau gambling profits edge up 16.3% in April

Profits at the world's number one casino hub of Macau went up 16.3% in April because fresh resorts helped to draw high rollers as well as casual gamblers to the country's only legal casino hub.

By the way, in April, gambling profits in the southern Chinese territory generally demonstrated a positive trend. As a result, revenues reached up to 20.2 billion patacas or $2.52 billion. That’s what government data revealed on Monday.

Meanwhile, financial experts were actually hoped for 13-17% surge.

As a matter of fact, Chinese President Xi Jinping's campaign versus open demonstrations of wealth and luxury by public officials in 2014 gave an extremely tough effect – precisely as expected it had awfully dried up the stream of VIP spenders from the mainland of China.

However, financial experts are still cautious as for the sustainability of profits, although they have called a bottom to Macau's over two-year decrease.



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