Macau’s casinos last month reversed their 26-month slump in gaming revenue as new resorts, including one by Wynn Resorts, attracted visits from mass-market gamblers.
Casino shares rose in Asia and the US yesterday as investors now look to see whether Macau’s gaming operators can sustain the momentum through the mainland’s National Day holiday week starting on October 1.
Gross gaming revenue rose 1.1 percent year-on-year in August to 18.8 billion patacas, the Gaming Inspection and Co-ordination Bureau (DICJ) announced yesterday. That followed a 4.5 percent decrease in July and beat the median estimate of a 1.5 percent drop by eight analysts surveyed by Bloomberg.
Pedestrians walk past some of Macau's best known casinos yesterday. Photo: Iong Tat Choi
