Macau's casino revenues rise 70 % in July
Revenue of MOP 16.3 billion (us$ 20 billion) was recorded during the month, which was 19.6% higher than the previous month. In the first seven months of the year combined, casino revenue rocketed 61% from the corresponding period a year ago, led by higher tourist arrivals.
Macau, which is a tiny special administrative region of China, overtook the renowned Las Vegas Strip as the world's top gambling destination in 2007. Foreign casino operators entered Macau in 2002, three years after Portugal handed the territory back to China.
Up until liberalization, Macau's casino industry were controlled by Stanley Ho's Sociedade de Jogos de Macau. Now global gaming giants including Wynn Resorts, Las Vegas Sands and MGM Mirage have casinos in the territory.
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