Macau September Gambling Revenue Up 40% On Year At MOP15.3 Billion

Date : 10/04/2010 @ 6:30AM
Source : Dow Jones News
Stock : Melco Resorts & Entertainment Limited ADS (MM) (MLCO)
Quote : 21.95  -0.23 (-1.04%) @ 8:00PM

Macau September Gambling Revenue Up 40% On Year At MOP15.3 Billion

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Macau's September gambling revenue rose 40% from a year earlier, in line with August's 40% rise but slowing from the higher growth rates of the first half, due to a higher comparison base effect that is expected to trim growth rates during the remainder of the year.

September revenue totaled MOP15.3 billion (US$1.9 billion), down slightly from August's MOP15.8 billion but still up from MOP10.9 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau.

CLSA analysts Huei Suen Ng and Aaron Fischer have said they expect gambling revenue in the Chinese territory to grow 34% in the second half from a year earlier, slowing from the first half's 67% rise.

September's revenue was the fourth highest so far this year. The record was in May, when revenue hit MOP17.1 billion. Gambling revenue in the January-September period rose 60% from a year earlier.

-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com

 
 



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