Macau Casino Revenue Hits 3-Year High on Post-Holiday Rush

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Macau’s casino revenue in October climbed to the highest in three years as many high-stake bettors and recreational players visited the world’s biggest gambling hub after a major holiday and Communist Party meeting.

Gross gaming receipts rose 22.1 percent to 26.6 billion patacas ($3.3 billion) last month, according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday. That compares with the median estimate for a 14.5 percent increase in a Bloomberg survey of nine badysts.

“The final week of October indicated that the VIP and premium mbad segments both benefited from strong demand,” said Ben Lee, a Macau-based managing partner at Asian gaming consultancy IGamiX. “The absence of any telegraphing of intentions to further crack down on gaming has probably alleviated the anxiety of Chinese VIPs in relation to gaming activities.”


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