The world's largest gambling market is continuing to rebound after posting declines in revenues a few years back, as revenus were up 19% in July to cap one year of increases in revenues.
For the month, Macau land casinos brought in 149.3 billion Patacaas, up almost 19% from the same period last year. The numbers close one full year of revenue gains. For a few years Macau was facing lower betting numbers as the Chinese government cracked down on extravagance and wealth. Thankfully for Macau's casinos, those VIP players have begun returning to the former Portuguese colony.
The news isn't all rosy though, as the the Neptune Group announced that one of its partners has been kicked out of Macau. This is likely to have an impact on revenues moving forward.