Record Month for Macau Casinos

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

macau casino sands 630[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].

  1. [Image]:
  2. soaring last month:
  3. LVS:
  4. MGM:
  5. WYNN:
  6. some of the practices used in VIP rooms a Macau casinos:

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