Macau revenues surge in August

Sep 4, 2009 7:29 PM
Staff & Wire Reports | While the most of casinos markets in the U.S. languish through a recession, casinos in Macau appear to be flourishing.

Last month, Macau casinos reported a 17 percent increase in gaming revenues. It was the second straight monthly increase.

August revenues topped 11.27 patacas, which is equal to roughly $1.4 billion.

In addition to enjoying escalating revenues, operators in Macau have recently seen their stock valuations increase as well.