Casino revenues soar as Macau shakes off global recession
Casino gambling revenue in Macau, the Chinese offshore gambling destination, almost doubled last month, according to a report from the Bloomberg business news agency. Gambling revenue for the city’s casinos in May 2010 rose to about 17 billion patacas (US$2.12 billion) from 8.8 billion patacas a year earlier, according to unidentified sources. The total for the five months through May rose to about 72 billion patacas from 43 billion patacas a year earlier.
Macau gambling revenue surged 57% in Q1/2010 to about 41 billion patacas as China’s economic growth accelerated to 11.9%, the fastest pace in almost three years.
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