Macau revenues jump

Macau, China – 1 November 2017 – 
Gambling revenue in Macau jumped 22 percent in October, beating expectations to hit a three-year high as a national holiday week saw visitors stream into the world’s biggest casino hub and big bets from VIP punters, Reuters reported.

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Macau is the only place in the country where casino gambling is legal.

Monthly gambling revenue came in at 26.6 billion patacas (US$3.3 billion), rising from a year earlier for a 15 consecutive month of gains. That was higher than analysts’ expectations of growth between 13 percent and 18 percent.

Visitors from mainland China during the holiday week, which ran from October 1-8, rose 11 percent from a year earlier and casino operators including MGM China and Wynn Macau said hotel rooms had been fully booked. The holiday period was also one day longer than last year.