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Macau casino revenues beat expectations, hit 10-month positive streak
[HONG KONG] Revenues in the world's biggest casino hub of Macau jumped 24 per cent in May, beating expectations and posting a 10-month winning streak as wealthy gamblers returned to the southern Chinese territory despite a corruption crackdown.
Gambling revenue in the only place in China where casino gaming is legal rose 23.7 per cent in May to 22.7 billion patacas (S$3.92 billion), government data showed on Thursday. Analysts were expecting growth of 15-20 per cent.
Macau's gambling take is rebounding amid steady economic growth in China, recovering from five-year lows set in 2014 when President Xi Jinping launched an anti-graft campaign targeting ostentatious displays of wealth. (