Macau Extends Gaming Revenue Growth, Biggest Gain Since 2014
- Revenue rises 14.4 percent, fourth straight month of gains
- More visitors and casual gamblers lured to new resort casinos
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The Chinese enclave of Macau extended gaming revenue gains in November, posting the strongest growth in almost three years and advancing a recovery that’s seen more visitors flock to the local resorts of Las Vegas Sands Corp. and Melco Crown Entertainment Ltd. in the world’s largest gambling hub.
Gross gaming revenue rose 14.4 percent to 18.8 billion patacas ($2.4 billion), according to Macau’s Gaming Inspection and Coordination Bureau. That compares with the median estimate for an 11 percent advance in a Bloomberg survey of nine analysts. It is the fourth straight month of gains and the strongest year-on-year growth since February 2014.