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Gambling revenue in Chinese territory of Macau rose 10.3 pct in July

July marks the 24th month of consecutive revenue gain in the former Portuguese colony after it plunged to five-year lows due to slowing economic growth and a widespread crackdown on corruption starting in 2014.


Reuters 01 Aug 2018, 04:52 AM China
  • July marks the 24th month of consecutive revenue gain in the former Portuguese colony after it plunged to five-year lows due to slowing economic growth and a widespread crackdown on corruption starting in 2014. (Image Credit: Twitter)

Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in the country's only legal casino hub.

July marks the 24th month of consecutive revenue gain in the former Portuguese colony after it plunged to five-year lows due to slowing economic growth and a widespread crackdown on corruption starting in 2014.

Figures from Macau's Gaming Inspection and Coordination bureau showed on Wednesday revenues were up from the month of June, reaching 25.3 billion patacas ($3.14 billion) versus analyst expectations of 5-13 percent growth.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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