Macau September Gambling Revenue Up 40% On Year At MOP15.3 Billion
04 Ottobre 2010 - 12:30PM
Dow Jones News
Macau's September gambling revenue rose 40% from a year earlier,
in line with August's 40% rise but slowing from the higher growth
rates of the first half, due to a higher comparison base effect
that is expected to trim growth rates during the remainder of the
year.
September revenue totaled MOP15.3 billion (US$1.9 billion), down
slightly from August's MOP15.8 billion but still up from MOP10.9
billion a year earlier, according to data from Macau's Gaming
Inspection and Coordination Bureau.
CLSA analysts Huei Suen Ng and Aaron Fischer have said they
expect gambling revenue in the Chinese territory to grow 34% in the
second half from a year earlier, slowing from the first half's 67%
rise.
September's revenue was the fourth highest so far this year. The
record was in May, when revenue hit MOP17.1 billion. Gambling
revenue in the January-September period rose 60% from a year
earlier.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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