For the third straight month gambling revenues in Macau were up from the same period last year, with October's numbers rising 8.8%.
The increased revenues came as Macau casinos brought in 21.8 billion patacas ($2.73 billion) for the month, with casinos outperforming what many analysts in the industry predicted. The rise comes despite lower value of the Chinese Yuan, as well as a rumored renewed crackdown on corruption.
The Macau gambling industry has suffered over the last three years, as the previous crackdown on corruption kept the vitally important VIP high-rollers from visiting. Most of Macau's revenues come from these VIP players, and revenues slipped as a result of them not visiting. In recent months the Macau betting industry has recovered a bit, thanks in large part to focusing on China's growing middle class.