Macau Shows Signs of Rebound With 18 Percent Revenue Surge

Submitted by Guest on

Written by :

Guest

Published on :

Macau Shows Signs of Rebound With 18 Percent Revenue Surge

(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)

 

Related Content

Rivers Casino Schenectady Seen as Vital to That City's Growth

Rivers Casino Schenectady Seen as Vital to That City's Growth

A glowing report released this week highlights just how vital Rivers Casino Schenectady has been to the New York city's growth and revitalization over the past decade.
Vegas Matt Biopic Coming Soon: Banned From Venetian After Winning $400K Last Month

Vegas Matt Biopic Coming Soon: Banned From Venetian After Winning $400K Last Month

Filmmaker and comedian Mike Young's "The Chop" is described as a rags-to-riches drama inspired by the true story of Stephen Matt Morrow,, and his path to becoming an advantage slot player and gambling influencer with more than 1.6 million YouTube subscribers.
Pai Gow Poker Player Wins Over $1.1 Million at Rivers Casino Pittsburgh

Pai Gow Poker Player Wins Over $1.1 Million at Rivers Casino Pittsburgh

Rivers Casino says Tuesday’s jackpot is the second-largest Pai Gow payout at Rivers Casino in Pittsburgh.
Former Resorts World Las Vegas Compliance Director Claims Wrongful Termination After Raising Concerns Over Group of Gamblers

Former Resorts World Las Vegas Compliance Director Claims Wrongful Termination After Raising Concerns Over Group of Gamblers

Preston Banks’s federal complaint alleges wrongful termination under Nevada law and retaliation under the federal Anti-Money Laundering Act.