Ma­cao gam­ing snaps slump

China Daily (USA) - - BUSI­NESS -

Ma­cao re­versed its 26-month slump in gam­ing rev­enue as new re­sorts, in­clud­ing one by Wynn Re­sorts Ltd, at­tracted vis­its from recre­ational gam­blers. Casino shares rose, as in­vestors now look to see whether op­er­a­tors can sus­tain the mo­men­tum through a key hol­i­day week. Gross gam­ing rev­enue rose 1.1 per­cent in Au­gust to 18.8 bil­lion pat­a­cas ($2.4 bil­lion), ac­cord­ing to data from Ma­cao’s Gam­ing In­spec­tion and Co­or­di­na­tion Bu­reau. 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.

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