Record Month for Macau Casinos

by Christopher Freeburn | November 1, 2013 3:34 pm

macau casino sands 630 300x223 Record Month for Macau Casinos[1]Gamblers from mainland China sent casino revenue in Macau soaring last month[2].

Chinese bettors traveled to the gaming center during Golden Week vacations, driving monthly casino revenue up 32% to $4.57 billion. The record-setting figure matched analysts’ estimates for October casino revenue, Bloomberg noted.

The number of visitors from mainland China rose 12.1% during the holiday, compared to the prior year. Macau has seen steadily rising gambling revenue this year. Through October, casino revenues totaled about $37.2 billion, up 18% from last year.

Home to a number of casinos from leading international operators including Sands (LVS[3]), MGM (MGM[4]) and Wynn (WYNN[5]), Macau generates six times the annual gambling revenue of Las Vegas’ famed Strip.

Earlier this year, U.S. authorities raised concerns about some of the practices used in VIP rooms a Macau casinos[6].

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/10/macau-casino-sands-630.jpg
  2. soaring last month: http://www.bloomberg.com/news/2013-11-01/macau-casino-revenue-rises-to-record-in-october.html
  3. LVS: http://studio-5.financialcontent.com/investplace/quote?Symbol=LVS
  4. MGM: http://studio-5.financialcontent.com/investplace/quote?Symbol=MGM
  5. WYNN: http://studio-5.financialcontent.com/investplace/quote?Symbol=WYNN
  6. some of the practices used in VIP rooms a Macau casinos: http://investorplace.com/2013/06/macau-casino-vip-rooms-under-scrutiny-for-bad-behavior/

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