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Macau revenues jump

Profile Photo By: Steve Shellum
November 1, 2017

Macau revenues jump

Macau, China – 1 November 2017 – 
Gambling revenue in Macau jumped 22 percent in October, beating expectations to hit a three-year high as a national holiday week saw visitors stream into the world’s biggest casino hub and big bets from VIP punters, Reuters reported.

Macau is the only place in the country where casino gambling is legal.

Monthly gambling revenue came in at 26.6 billion patacas (US$3.3 billion), rising from a year earlier for a 15 consecutive month of gains. That was higher than analysts’ expectations of growth between 13 percent and 18 percent.

Visitors from mainland China during the holiday week, which ran from October 1-8, rose 11 percent from a year earlier and casino operators including MGM China and Wynn Macau said hotel rooms had been fully booked. The holiday period was also one day longer than last year.

 

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