Asia's gambling mecca produces stellar revenues for February 2010

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Macau, the gambling island off the Chinese coast, continued to stage a significant recovery from past economic doldrums in February, posting gambling revenues of 13.5 billion patacas ($1.69 billion), an increase of about 69% over the same period of last year, the Macau Post Daily reported this week.

The gambling island's revenues were up 55% in January, too.

The SJM casino group, owned by local gaming magnate Stanley Ho, retained its leading position among Macau's six licensed gaming operators, with a market share of slightly over 30%, followed by Sands China, the subsidiary of Las Vegas Sands, with a share of around 22%.

There are currently a total of 33 casinos, of which 20 are owned by SJM, and over 4,700 gaming tables in the tiny island city, which has a permanent population of just over 540,000.

Source: InfoPowa News