Macau Gaming Revenue Beats May Expectations as Tourists Return
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Macau gaming revenue beats analysts’ expectations in May for the first time in four months as tourism from mainland China swelled over the Golden Week holiday.
Gross gaming revenue rose 492% in May to 10.4 billion patacas ($1.3 billion), according to data from the Gaming Inspection and Coordination Bureau. That beat the median analyst estimate of a 467% jump year-on-year.