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
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)