Macau gambling revenue grows 12.5 percent in June

Macau gambling revenue grows 12.5 percent in June

July 02, 2018 10:01 AM
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In Macau, government officials report gambling revenue grew a solid 12.5 percent in June, thanks to steady demand from largely Chinese bettors visiting China’s only venue for legal casino gambling.

Official data showed revenues rose to 22.49 billion patacas ($2.78 billion) in June, just short of analysts' expectations of 17-21 percent growth.

June is now the 23rd consecutive month of revenue gains in Macau, which continues a steady rebound since 2014 lows attributed to slowing economic growth and a crackdown on corruption.