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Macau's September Revenues Jump 12.3%

The world's largest gambling market had a healthy month of September, as Macau saw its year on year revenues for the month rise by 12.3%, the Macau Gaming Inspection and Coordination Bureau revealed.

Even though the results were strong, they were less than expected. The island gambling mecca off the coast of China brought in 23.87 billion patacas ($2.99 billion USD) for the month. Analysts were expecting growth to be up roughly 15-17% for the period.

The Reuters news service said that they lower than expected numbers are due to a slowdown in China's economy as well as more political scrutiny.

For the year, Macau's revenues are up 15% from the same period in 2011.

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