Macau gambling revenue up 7.9 pct in November y/y
HONG KONG Dec 3 (Reuters) - Gambling revenue in Macau, the world's largest casino market, rose 7.9 percent in November year-on-year, government data showed on Monday.
November's revenue at 24.88 billion patacas ($3.12 billion) was in line with forecasts. Analysts had predicted a 7-8 percent growth rate, boosted by mass market visitors who come in hordes to the enclave in southern China.
Macau is the only place in China where people can legally gamble at casinos. While growth rates have dropped from double-digit highs in the past seven months due to lower spending by big VIP gamblers, overall revenue has remained solid.
- Tweet this
- Share this
- Digg this
- UK economy set for fastest growth in seven years in 2014 - BCC
- Ex-Kaupthing bankers convicted of abuses related to Qatari investment
- Mandela signer hits back: I'm sign language champion
- South Africa admits error over 'schizophrenic' Mandela signer |
- Wenger frustrated at Arsenal's failure to seal top spot