Macau reports 16.3 percent revenue growth in April

Macau’s recovery, now believed by many analysts as firmly established, continued in April with revenues improving year-on-year by 16.3 percent to 20.2 billion patacas ($2.52 billion) according to official government statistics.

Analysts had predicted a bracket between 13 and 17 percent positive, expecting that new resorts would draw high rollers and casual gamblers to the gambling island off the shores of China.

Whilst they are generally positive, analysts remain cautious on the sustainability of revenues after a slump that lasted for two years.