Macao gaming snaps slump
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.