Macau Revenues Up for Third Straight Month

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.

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bgsharpe
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16 November 2016 - 10:29pm
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Not doubtfully a great signs for the market in Macau after there was a big drop in revenues for maybe a few years, they will accept these even small improvements in revenue any day of the..year.