Recently, Reuters reports that the revenues in the
world's biggest casino hub of Macau jumped nearly 30 percent in June,
posting an 11-month winning streak, as demand from high-roller VIPs
accelerated despite a corruption crackdown.
Monthly
gambling revenue in the Chinese special administrative region rose 25.9
percent to 20 billion patacas ($2.49 billion) and analysts were expecting growth of 23 percent to 33 percent.
Related post, Macau casinos post 11th month of gains on VIP resurgence
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Source :
1) Metastock
2) www.reuters.com
Revenues in the
world's biggest casino hub of Macau jumped nearly 30 percent in June,
posting an 11-month winning streak, as demand from high-roller VIPs
accelerated despite a corruption crackdown.
Monthly
gambling revenue in the Chinese special administrative region rose 25.9
percent to 20 billion patacas ($2.49 billion), government data showed
on Saturday. Analysts were expecting growth of 23 percent to 33 percent
for Macau, the only place in the country where gambling is legal.
Revenues
have rebounded after a more than 2-year tumble triggered by Chinese
President Xi Jinping's attack on corruption, with a revival in appetite
from high-rollers and mass gamblers.
Operators
are cautious about the resurgence of VIP revenue, which is highly
volatile compared to the more stable flows from mass market customers.
VIP
punters are typically brought in by middlemen known as junket
companies. While the VIP sector contributes just over half of Macau's
total casino revenues, junket patrons have been subject to greater legal
scrutiny due to concerns over money laundering.
Source :
1) www.reuters.com
