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Macau, the world's largest gambling market has seen another month of higher than expected revenues according to a report published by the Reuters News Agency.
Macau, a small island off the coast of China and former Portuguese colony has seen a 57% rise in revenues for the month of August when compared to the same period last year. Revenues for August were said to be 24.77 billion patacas, or US $3.08 billion.
The results show that the world's largest gambling market is still pulling big business despite people's concerns over the state of the global economy. Most of the gamblers who visit Macau are not from the island, but rather wealthy gamblers who come from China to gamble at the only area that has legalized gambling in the country. Macau is currently on pace to post revenues for the year that are more than five times higher than Las Vegas, according to the report.