Macau June Gambling Revenue Up 52% On Year At MOP20.79 Billion
July 01 2011 - 3:29AM
Dow Jones News
Gambling revenue in Macau rose 52% in June from a year earlier,
government statistics issued Friday show, as visitors from mainland
China continued to fuel strong growth in the only place in China
where casino gambling is legal.
Gambling revenue in the Chinese territory rose to MOP20.79
billion (US$2.59 billion) last month, up from MOP13.64 billion a
year earlier, according to data from Macau's Gaming Inspection and
Coordination Bureau.
June's year-on-year growth rate is the highest so far this year,
but the total revenue recorded fell short of the all-time high of
MOP24.31 billion hit just the month before in May, which was
bolstered by the holiday season and the strong opening of Galaxy
Entertainment Group Ltd.'s (0027.HK) new casino resort.
In the January-June period, Macau's gambling revenue has risen
45% from a year earlier, following a 58% surge for the whole of
last year.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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