Casino revenue tipped to rise 25 pct in February

Casino gross gaming revenue will be 20 percent to 25 percent higher this month than one year earlier, Nomura Securities forecasts. Barron’s magazine website quotes the broker as saying a strong Lunar New Year should ease concerns that slowing economic growth in the mainland will impede growth of gross gaming revenue in Macau. Nomura says gross gaming revenue in the first six days of this month was MOP8.3 billion (US$1.04 billion). Last February’s gross gaming revenue was MOP27.08 billion.