Macau Jan. GGR posts slowest gain since Oct. 2012

    Macau gross gambling revenue grew 7 percent to 28.7 billion patacas ($3.6 billion) in January, the slowest monthly gain since October 2012, according to data from  Macau’s Gaming Inspection and Coordination Bureau. Analysts had been expecting growth of between 11-15 percent. Commentators said much of the decline could be attributed to the timing of the Chinese New Year, traditionally a quiet period for the gambling industry. Despite the slowdown, Goldman Sachs says it’s maintaining it’s estimate for 16 percent growth in GGR for 2014. It sees mass market growth of 24 percent.