Chinese appetite for gambling fuels rise in Macau's gaming revenue

Chinese appetite for gambling fuels rise in Macau's gaming revenue

Monday, July 4, 2011
Chinese tourists' vociferous appetite for gambling has been credited as the reason behind Macau's 52.4 per cent rise in gaming revenue in June. Casinos in the Chinese territory took 20.79 billion patacas last month, up from 13.64 billion patacas a year earlier. This was still just short of the record 24.31 billion patacas they made in May, boosted by a week-long public holiday and the opening of Galaxy Entertainment Group's new $2bn resort. Figures released by the region's government showed that gaming revenue for the first half of 2011 was up by 44.6 per cent. As it is the only legal gambling destination in China, Chinese citizens account for the majority of Macau's visitors.
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