Macau posts 17 percent gaming revenue gain in August

Macau posts 17 percent gaming revenue gain in August

September 01, 2018 7:43 AM
by

Chinese gamblers from the Mainland are once again being tabbed as the reason gambling revenue is again soaring in Macau where China’s lone, legal wagering locale posted a 17 percent gain in August.

August is now the 25 consecutive month of rising gambling revenues. The world’s largest gambling hub is again thriving after plunging due to slowing economic growth and a widespread crackdown on corruption initiated in 2014. 

Figures from Macau’s Gaming Inspection and Coordination Bureau released today (Saturday) showed revenues rose 17 percent to 26.6 billion patacas ($3.3 billion) versus analyst expectations of 15 to 17 percent growth. ($1 = 8.0210 patacas).

Las Vegas-based companies, MGM Resorts International, Las Vegas Sands and Wynn Resorts are among the international gambling companies with a major presence in Macau.