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Macau's gambling revenue hits MOP27.7 bln in Oct

Nov. 2, 2012 (China Knowledge) - Macau, the only place in China where casino gambling is legal, saw its gambling revenue reach MOP27.7 billion or US$3.5 billion in October 2012, reflecting the highest monthly level this year, according to the city's Gaming Inspection and Coordination Bureau.

The revenue last month represented an increase 16.4% from July or a growth of 3.2% from a year earlier.
In the first ten months of 2012, Macau's gambling revenue grew 14% from a year earlier to MOP221.2 billion. The revenue increase was principally boosted by increased tourists from mainland China, but the growth has been slowing down as a result of economic downturn, said analysts.

In 2011, the city's gambling revenue reached MOP267.87 billion or US$33.47 billion, up 42% from the previous year.

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