Macau's casino revenue expands by 5.5 percent year-on-year in August
September 4, 2012, 6:06 pm TWN
HONG KONG -- Gambling revenue growth in Macau, the world's most lucrative casino market, picked up moderately last month after hitting a three-year low, data released Monday showed, as high-rolling gamblers raised their bets at tables in the semiautonomous Chinese city.
Revenue rose 5.5 percent to 26.1 billion patacas (US$3.3 billion) in August from the same month last year, according to data posted on the Macau gambling authority's website.
Macau's casino revenues have surged at double-digit rates in recent years thanks to big-spending Chinese gamblers. Revenue zoomed up 42 percent last year to US$33.5 billion, more than five times the amount earned on the Las Vegas Strip. But growth has cooled this year as China's economy has slowed.