Tag: Macau gaming revenue
Macau gaming revenue up 20% in July
August 1, 2013
From Reuters – Macau’s gambling revenues defied China’s economic slowdown and rose 20 percent in July year-on-year, boosted by an increase in the number of Chinese visitors to the country’s only legal casino gambling hub as well as the size of their bets. July’s 29.5 billion patacas ($3.7 billion) revenue was the third strongest figure this year, according to government data released on Thursday, as more middle-class gamblers visited Macau, eclipsing the growth in the number of high-rollers. Analysts had forecast July growth in the world’s biggest gambling market to rise between 18-21 percent. The slowdown in China’s economic growth…