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RPT-Macau casino revenue rises 20 pct in typhoon month of August
September 1, 2017 / 5:50 AM / 4 months ago

RPT-Macau casino revenue rises 20 pct in typhoon month of August

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HONG KONG, Sept 1 (Reuters) - Casinos in the world’s biggest gambling hub of Macau booked a 20 percent rise in revenue in August, the 13th consecutive month of gain, and a month in which two deadly typhoons left as much as half the city without power and water for as many as four days.

All casinos in the Chinese territory reported power cuts and water shortages ranging from hours to days after the typhoons first hit on Aug. 23, causing extensive damage and killing 10 people.

Year-on-year revenue growth nevertheless continued, with August’s total reaching 22.7 billion patacas ($2.82 billion) government data showed. That compared with the 17 to 22 percent growth that analysts estimated, taking the typhoon impact into account. ($1 = 8.0520 patacas)

Reporting by Farah Master; Editing by Christopher Cushing

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