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Casinos revenue in Macau surges 2.6 pc in October on solid demand

Analysts had expected a flat-to-5 per cent growth in revenue, according to Macau's Gaming Inspection and Coordination Bureau.


Devdiscourse News Desk China
Updated: 01-11-2018 11:06 IST
Casinos revenue in Macau surges 2.6 pc in October on solid demand

October also marked the 27th consecutive monthly rise, although the rate of growth slowed as rising macroeconomic concerns in China dented sentiment in the high-end VIP segment.

Gambling revenue in the Chinese territory of Macau rose 2.6 per cent in October from a year earlier to 27.3 billion patacas ($3.38 billion), the highest monthly total since 2014, bolstered by solid demand from Chinese punters keen to play in the country's only legal casino hub.

October also marked the 27th consecutive monthly rise, although the rate of growth slowed as rising macroeconomic concerns in China dented sentiment in the high-end VIP segment.

Analysts had expected a flat-to-5 per cent growth in revenue, according to Macau's Gaming Inspection and Coordination Bureau. ($1 = 8.0770 patacas)

(With inputs from agencies.)

COUNTRY : China

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