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Macau Posts Big Revenues Again

Despite fears of a slowing global economy, Macau posted record revenues in October, mainly due to an increase in Chinese visitors during the Golden Week National Holidays.

Revenue for the world's largest gambling market rose by 42% to 26.9 billion patacas ($3.4 billion USD). Visitor numbers from 13% year over year, according to the Macau Tourism Bureau.

"The October revenue figure of $3.4 billion is more than half of what Las Vegas is expected to make for the whole of 2011." said one industry analyst.

While numbers have been strong in the former Portuguese colony, some worry about the possibility of growth slowing down next year. Currently revenues in Macau exceed those of Las Vegas (the world's second largest gambling market) by five times.

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