Macau’s gaming revenue topped analyst forecasts for the first time in four months, a result that may ease investor concerns about a slowdown in gambling by high rollers.
Receipts climbed 17.1 percent in August from a year earlier to 26.55 billion patacas, above estimates for a median 15 percent expansion, according to data from the Gaming Inspection and Coordination Bureau (DICJ) on Saturday. Analysts’ forecasts ranged from an increase of 12 percent to 18 percent.
Last month’s revenue was the highest in the first eight months of the year. Revenue in August rose 4.9 percent from the previous month.
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