Macau gambling revenue up 7.9 pct in November y/y

HONG KONG Mon Dec 3, 2012 3:22am EST

HONG KONG Dec 3 (Reuters) - Gambling revenue in Macau, the world's largest casino market, rose 7.9 percent in November year-on-year, government data showed on Monday.

November's revenue at 24.88 billion patacas ($3.12 billion) was in line with forecasts. Analysts had predicted a 7-8 percent growth rate, boosted by mass market visitors who come in hordes to the enclave in southern China.

Macau is the only place in China where people can legally gamble at casinos. While growth rates have dropped from double-digit highs in the past seven months due to lower spending by big VIP gamblers, overall revenue has remained solid.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.