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Macau casinos post 22% Gambling revenue gain in March

(MyCasino) - Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's only legal casino hub.

This is the 20th consecutive month of gains, cementing a roaring recovery in the former Portuguese colony, after revenues plunged to five-year lows due to slowing economic growth and a widespread crackdown on corruption starting in 2014.

Figures from Macau's Gaming Inspection and Coordination bureau on Sunday showed revenues rose 22.2 percent to 26 billion patacas ($3.2 billion) versus analyst expectations of 13 percent to 18 percent growth.

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