Macau Still Seeing Growth

This story was published more than 10 years ago.

The Chinese gambling island of Macau has shown that it is still growing, as revenues for the month of August grew by 5.5%, the second highest amount ever for the world's largest gambling market.

Revenues for the month were 26.1 billion patacas ($3.3 billion USD), which was topped only by October 2011's 26.8 billion patacas.The rise in revenues was drastically better than July's numbers, which showed a 1.5% jump.

Macau has been having a year of slower growth, following 2011's 42% jump in revenues, due mainly to a slowing Chinese economy.