HONG KONG, July 2Gambling revenue in Macau grew 12.2 percent in June compared to a year ago, government data showed on Monday, a weaker rebound than the 15 percent gain expected by analysts, signaling muted demand in the world's largest gambling destination.
June's total figure of 23.3 billion patacas ($2.92 billion) was the lowest since last year's November total of 23.0 billion patacas, but ahead of May's 7.3 percent gain. July and August are also expected to be quieter months with appetite picking up in September ahead of a new property opening and a national holiday.
Macau is now seeing faltering demand and rising credit woes in China affect the spending of its key customers - the billionaire VIP gamblers who drop millions of yuan at a time. Macau is the only place where Chinese nationals are allowed to legally gamble in casinos.
(Reporting by Farah Master; Editing by Matt Driskill)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.