Macau Government Insists Gaming Revenue To Fall In 2012

Macau's economy and finance secretary has maintained his prediction that the Chinese territory's gross gaming revenue will fall 10 percent in 2012, a position at odds with analysts and even the gaming regulator.

Francis Tam said on Sunday that 2012 revenue is budgeted to fall well below the year-to-date average of 24.8bn patacas ($3.1bn) per month and that the government's forecast is unchanged.

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