By Kate O'Keeffe
HONG KONG--Macau's November gambling revenue rose 7.9% from a
year earlier, but came off an all-time high hit in October.
Gambling revenue rose to 24.88 billion patacas ($3.12 billion)
last month, according to data from Macau's Gaming Inspection and
Coordination Bureau released Monday. The figure represented a
decrease from October's record MOP27.70 billion, which had been
bolstered by a holiday week.
In the first eleven months of the year, revenue rose 13% from
the same period in 2011 to MOP275.89 billion.
Gambling revenue increased rapidly from the end of 2009, but the
pace of growth has dwindled this year due to a slowing Chinese
economy and a high base of comparison last year, when gambling
revenue rose 42%.
Macau, the only place in China where casino gambling is legal,
is the world's largest gambling center. Last year it earned more
than five times the gambling revenue of the Las Vegas Strip.
Write to Kate O'Keeffe at kathryn.okeeffe@wsj.com