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Macau Casino Revenue Jumps To $2B In August

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casino_2 September 2, 2010 (Chinavestor) Macau, the world's top gambling mecca, saw its gaming revenue surge 40% in August to $2 billion, Macau's Gaming Inspection and Coordination Bureau said. The island's major casino operators lured in more high stakes bettors during the month and that led to the increased revenue.

Wynn Macau (HKG:1128) said revenue from big bettors jumped 80% last month while SJM Holdings (HKG:0880), the largest casino operator in Macau, said revenue from high rollers doubled last month. Gambling revenue for the city’s casino operators surged 67 percent in the six months through June, according to Bloomberg News.

Las Vegas Sands (NYSE:LVS) said in June predicted Macau casino sales will grow more than 30 percent in the second half, Bloomberg reported. Macau, the only city in China that permits casino gaming, became the biggest gambling desination in the world in 2006, surpassing Las Vegas.



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