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SJMHF SJM Holdings Ltd (PK)

0.2951
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SJM Holdings Ltd (PK) USOTC:SJMHF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2951 0.2765 0.3466 0.00 21:04:04

Macau Gambling Revenue Up 12% on Year in February

01/03/2013 6:50am

Dow Jones News


SJM (PK) (USOTC:SJMHF)
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   By Kate O'Keeffe 
 

HONG KONG--Macau's February gambling revenue rose 12% from the previous year, besting some analyst forecasts for single-digit growth in the Chinese territory.

Gambling revenue rose to 27.08 billion patacas ($3.39 billion) last month, according to data from Macau's Gaming Inspection and Coordination Bureau released Friday.

Analysts said mass market gamblers played heavily during the key weeklong Lunar New Year holiday last month. The Lunar New Year fell in January last year.

Macau, the only place in China where casino gambling is legal, is the world's largest gambling center. It earns about six times the gambling revenue of the Las Vegas Strip. Last year, Macau's gambling revenue rose 14% from 2011.

Write to Kate O'Keeffe at kate.okeeffe@wsj.com

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