March 23, 2010 / 4:59 AM / in 9 years

Macau March gambling revenue on track for record -source

HONG KONG, March 23 (Reuters) - Gambling revenue in Macau reached close to HK$13 billion ($1.68 billion) for the first three weeks of March, on track for a monthly record, underscoring sustained growth in the world’s largest and fastest-growing gambling market.

“According to the average, it’s near HK$13 billion,” a source with direct knowledge of the situation said on Tuesday. “In February, it was around this amount.”

Stanley Ho’s casino flagship SJM Holdings (0880.HK) retained the biggest share of the market, at around 30 percent, while Sands China (1928.HK), the Macau unit of Las Vegas Sands (LVS.N), was second with around 20 percent, the source said.

Macau casino revenue last hit a record in January, when revenue rose 63 percent from a year earlier to 14 billion patacas ($1.80 billion). [ID:nHKF000122]

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