The Business Times
business-time-50

Macau casinos extend one-year winning streak with monthly revenue rise

google-preferred-sourceAdd BT as a preferred source
Published Tue, Aug 1, 2017 · 09:50 PM

    Hong Kong

    CASINOS in the world's biggest gambling hub of Macau extended a one-year winning streak with monthly revenue rising 29 per cent in July due to a resurgence in spending by wealthy punters and increased numbers of tourists.

    The special administrative region of Macau is a former Portuguese colony and the only Chinese territory where casino gambling is legal. The industry is recovering from a more than two-year decline that coincided with a government campaign against ostentatiousness among public officials.

    CasinosMacau

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More