Macau Continues To Grow With 17.6% August Revenue Rise
Macau continues to live up to its reputation as the world’s largest gambling market. This was further strengthened with data just released showing a 17.6% gambling revenue rise in August year-on-year. The revenues of this August were $3.88 billion which were the second highest figure this year.
As we reported earlier Macau also had a 21.1% increase for June revenues. Macau is so successful as the Chinese government only permits gambling on the former Portuguese colony. The latest impressive figures were in line with analyst’s expectations of 17-19%.
Macau generated over $38 billion in revenues last year. Most of these are from rich mainland gamblers who make up about 70% of the gamblers.