Macau gaming revenue hits record high in February

Casino revenue in Macau rose 40% to a record high in February after a jump in mainland Chinese visitors during the Chinese New Year, Bloomberg reported, citing Macau’s gaming regulator. Monthly gross revenue from games of fortune in the Chinese city, now the world’s largest gambling hub, rose to US$4.8 billion, beating analysts’ estimates and the previous record in October last year. More than 770,000 mainland Chinese traveled to the city during the holidays from January 31 to February 6, up 23% from a year earlier.