The highest growth rate registered so far in 2011
New monthly record for gaming revenue in Macau
2011-09-02
Reading time 39 seg
(Macau).- According to data from the Gaming Inspection and Coordination Bureau, Macau posted a 57 % year-on-year rise in gaming revenue for August to us$ 3.08 billion, the latest indication that the enclave is powering ahead despite deep-seated concerns about the global economy.
August’s take by Macau’s casinos surpassed the us$ 3.08 billion record set in May. This was the fifth time in 2011 that a new monthly record was set in Macau.
The former Portuguese colony has reported booming revenue growth since the start of the year, boosted by an increasing number of cash-rich gamblers from mainland China eager to visit in the country's only legal casino market.
Home to multi-billion dollar casinos including U.S. gaming stalwarts Sands China, Wynn Macau and MGM China Holdings, Macau is on track to post full-year revenue five times higher than rival Las Vegas.
The total casino gross gaming revenue for the first eight months of 2011 was up 46.8 percent year-on-year to us$ 22.2 billion.
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