Thursday, November 1, 2012

Macau gambling revenue hits all-time monthly high


Macau gambling revenue hits all-time monthly high
Croupiers sit at a baccarat gaming table inside a casino during the opening day of Sheraton Macao Hotel at the Sands Cotai Central in Macau in this Sept. 20, 2012 file photo. Macau's gambling revenue hit a record monthly high in Oct, official figures showed, as wealthy mainland Chinese fuelled growth in the world's biggest gaming hub during a holiday week. -- PHOTO: AP
HONG KONG (AFP) - Macau's gambling revenue hit a record monthly high in October, official figures showed, as wealthy mainland Chinese fuelled growth in the world's biggest gaming hub during a holiday week.
Gambling revenue hit 27.70 billion patacas (S$4.3 billion) last month, up 3.2 per cent from 26.85 billion patacas in the same month last year, according to statistics on the official Gaming Inspection and Coordination Bureau website.

Accumulated gross revenue for the first 10 months of the year stood at 251.01 billion patacas, up 13.5 per cent from the same period last year.
Last month's figures surpassed the previous monthly high, recorded last October, showing the continuing strength of the local gaming industry.
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