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Macau's gambling revenue up 22% in Apr

May. 3, 2012 (China Knowledge) - Macau, the only place in China where casino gambling is legal, saw its gambling revenue reach MOP 25 billion or US$3.13 billion in April 2012, reflecting a year-on-year increase of 22% from MOP 20.51 billion, according to the city's Gaming Inspection and Coordination Bureau.

The gambling revenue for last month slightly increased 0.056% month on month.

In the first four months of 2012, Macau's gambling revenue grew 26% from a year earlier to MOP 99.32 billion. The revenue increase was principally boosted by increased tourists from mainland China, but the growth has been slowing down, said analysts.

The analysts also estimate that Macau's gambling revenue growth would reduce to 11% this year from 42% in 2011.

Statistics from Macau Government Tourist Office indicates that Macau's inbound tourists for March 2012 grew 7.3% from a year earlier to 2.35 million, of which 61.6% or 1.48 million came from mainland China, up 15.4% year on year.

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