Macau's August gambling revenue rose 40% from a year earlier, slowing from July's 70% because of a higher base effect.

August revenue totaled MOP15.8 (US$2.0 billion), nearly flat from July's MOP16.3 billion, but up significantly from MOP11.3 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau.

CLSA analysts Huei Suen Ng and Aaron Fischer have said they expect gambling revenue in the Chinese territory to rise 34% in the second half from a year earlier, slowing from the first half's 67% rise as casinos face more difficult comparisons in the later months of the year.

August's revenue figure is the third highest so far this year after the record MOP17.1 billion hit in May and July's total.

"We think September could be softer given that visitors tend to delay their travel plans ahead of the Golden Week holidays in October," Deutsche Bank analyst Karen Tang wrote in a report Thursday.

-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com
Wynn Macau (PK) (USOTC:WYNMF)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Wynn Macau (PK) Charts.
Wynn Macau (PK) (USOTC:WYNMF)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Wynn Macau (PK) Charts.