Macau Shows Signs of Rebound With 18 Percent Revenue Surge

Written by:
Guest
Published on:
Mar/01/2017

(Reuters) - Gambling revenue in the Chinese territory of Macau surged almost 18 percent in February, after dropping over the past three years when a prolonged anti-corruption campaign and slowing economic growth hurt business at the world's biggest casino hub.

 

Gambling revenue rose to 23 billion patacas ($2.9 billion) last month, from 19.5 billion patacas a year ago, government data showed on Wednesday, as more visitors came to Macau over the national new year holiday at the start of February.

Macau's gambling revenues have been rising over the past seven months, buoyed by the opening of multi-billion dollar casinos by Sands China Ltd and Wynn Macau Ltd . ($1 = 7.9810 patacas) (Reporting by Farah Master; Editing by Himani Sarkar)

 

Gambling News

Seminole Brighton Casino Set for Introduction Of Blackjack and Other Table Games

Seminole Brighton Casino Set for Introduction Of Blackjack and Other Table Games

Seminole Brighton Casino will preview blackjack and other table games to its guests starting Monday, December 18.

Mafia Planned to Infiltrate Malta Gambling Sector

Mafia Planned to Infiltrate Malta Gambling Sector

An anti-Mafia investigation in Palermo uncovered “advanced plans” by Mafia clans to relocate their underground activities through online gaming companies in Malta, the Times of Malta is informed.

Caesars Bans Player for Being Named in Legendz Sports Indictment

Caesars Bans Poker Player for Being Named in Legendz Sports Indictment

A player suing Caesars Casino for allegedly banning him had previously worked for the now-defunct Legendz Sports, a company the US Government forced to close in 2013. 

Record Fines Handed Down Against Casino Including Collusion to Steal

Pennsylvania's casino gambling regulators slapped Mohegan Sun Pocono with record fines totaling $1 million for what it called failing to follow internal controls and doing business with unlicensed vendors.

Judge: Video Gambling Profits Must Be Split With Operators

Judge: Video Gambling Profits Must Be Split With Operators

A judge has ruled that Illinois video gambling parlors must continue to evenly split their profits with companies that operate the terminals.

Syndicate