Macau casinos raked in $4.4 billion in March, up 13.1 percent from a year ago, Macau’s Gaming Inspection and Coordination Bureau reports. Gaming revenue follows seasonal patterns, so year earlier ... more 
Macau casinos raked in $4.4 billion in March, up 13.1 percent from a year ago, Macau’s Gaming Inspection and Coordination Bureau reports. Gaming revenue follows seasonal patterns, so year earlier comparisons are more relevant that month to month fluctuations. The rise, though modest by Macau standards, is at the high end of analyst expectations for 10-13% growth. Wells Fargo Securities senior analyst Cameron McKnight estimates that March VIP, or high roller, revenue rose by about 5% while mass market revenue increased 30% from a year earlier. For the first three months of the year, Macau’s gross gaming revenue or GGR totaled $12.8 billion, up 19.8 percent over the first quarter of 2013, even though GGR grew just 7% in January, the slowest rise since October 2012. For all of 2013, GGR rose 18.6%. less 
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Wed, Apr 2, 2014 1:43 PM EDT