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Macau gaming snaps two-year slump to rise 1.1% on new resorts

Thursday, September 1, 2016 - 13:29

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Macau reversed its 26-month slump in gaming revenue in August as new resorts, including one owned by Wynn Resorts, attracted visits by recreational gamblers and tourists.

[HONG KONG] Macau reversed its 26-month slump in gaming revenue in August as new resorts, including one owned by Wynn Resorts, attracted visits by recreational gamblers and tourists.

Gross gaming revenue rose 1.1 per cent to 18.8 billion patacas (S$3.3 billion), according to data from Macau's Gaming Inspection and Coordination Bureau.

That followed a 4.5 per cent decrease in July and compares with the median estimate of a 1.5 per cent drop by eight analysts surveyed by Bloomberg.

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