Macau’s Gaming Revenue Increases Less Than Expected in April

(Bloomberg) -- Macau’s gaming revenue rose less that analysts expected in April, the third straight month that the casino business disappointed as the gambling hub awaits the reopening of global travel.

Gross gaming revenue rose 1,014% in April to 8.4 billion patacas ($1.1 billion), according to data from the Gaming Inspection & Coordination Bureau. That trailed the median analyst estimate for a 1,054% jump.

Key Insights

Market Performance

• The Bloomberg Intelligence index of Macau casino operators fell 3.4% in April. The benchmark Hang Seng Index gained 1.2% in the same period.

Get More

• April 28, Bloomberg Intelligence’s Macau Monthly Visitation Updates
• April 20, Macau Casinos Seen to Post Profit Rise on Year in Latest Quarter
• April 20, Macau Casinos Revenue Is Recovering ‘Comfortably’, JPMorgan Says
• April 19, Macau Extends Quarantine to 28 Days for Some Visitors

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