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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 |
By Kate O'Keeffe
HONG KONG--Macau gambling revenue hit an all-time monthly high in March as Chinese players continued to fuel solid growth in the world's largest gambling market.
Gambling revenue in the Chinese territory rose 25% from the previous year to 31.34 billion patacas ($3.92 billion) last month, according to data from Macau's Gaming Inspection and Coordination Bureau released Tuesday.
The total revenue haul in March bested the territory's previous monthly record of 28.25 billion patacas set in December 2012.
Grant Govertsen, an analyst from Union Gaming Group, wrote in a note following the results that he is maintaining his forecast for Macau's gambling revenue to increase by 16% in 2013 from 2012.
Macau, the only place in China where casino gambling is legal, generates 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 kathryn.OKeeffe@wsj.com
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