Macau casinos report 40% rise in September revenues

The Macau gambling market continued its seemingly unstoppable rise in September 2010, recording revenues of 15.3 billion patacas (around $1.9 billion) - 39.8% up on the corresponding period last year, reports the Macau Gaming Inspection and Coordination Bureau.

The figure fell short of July's 70% phenomenal year-over-year increase, but the numbers are still strong and appealing to American investors weary of low performance in the US, said Deutsche Bank analyst Chris Worenka.

Macau became the world's premier gambling hub by revenue in 2006, overtaking Las Vegas and continuing to widen the performance gap in subsequent years.

Source: InfoPowa News