Macau Shows Signs of Rebound With 18 Percent Revenue Surge

Written by:
Guest
Published on:
Mar/01/2017

(Reuters) - Gambling revenue in the Chinese territory of Macau surged almost 18 percent in February, after dropping over the past three years when a prolonged anti-corruption campaign and slowing economic growth hurt business at the world's biggest casino hub.

 

Gambling revenue rose to 23 billion patacas ($2.9 billion) last month, from 19.5 billion patacas a year ago, government data showed on Wednesday, as more visitors came to Macau over the national new year holiday at the start of February.

Macau's gambling revenues have been rising over the past seven months, buoyed by the opening of multi-billion dollar casinos by Sands China Ltd and Wynn Macau Ltd . ($1 = 7.9810 patacas) (Reporting by Farah Master; Editing by Himani Sarkar)

 

Gambling News

MGM Wants to Sue Vegas Shooting Victims?

MGM Wants to Sue Vegas Shooting Victims?

The corporate owners of the Mandalay Bay casino filed suit against some one thousand victims of last year’s Las Vegas concert mass shooting, claiming it has no liability for the massacre.

Winning Poker, Americas Cardroom Making Waves at Amsterdam Affiliate Conference

Winning Poker Network and its flagship brand, Americas Cardroom, are in Amsterdam welcoming affiliates and would be affiliates at the Amsterdam Affiliate Conference (AAC).

You Can Now Play the Minnesota State Lottery on This Phone App: Powerball, Gopher 5, More

Minneapolis, MN - Individuals in Minnesota can now order state lottery tickets and play games on their phone after Jackpocket announced that it has launched its app throughout the state.

FunFair Technologies Unites With Poker Affiliate RaketheRake

FunFair Technologies Unites With Poker Affiliate RaketheRake

Decentralised B2B blockchain casino platform, FunFair Technologies will be joining forces with the market-leading poker rakeback affiliate, RaketheRake.

EvenBet Gaming News

EvenBet Gaming News

Gambling911.com has your news related to gaming developer EvenBet Gaming here

Syndicate