Macau gambling revenue up 17.6 percent in August yr/yr
HONG KONG Sep 2 (Reuters) - Gambling revenue in Macau rose 17.6 percent in August year-on-year, supported by a steady flow of cash-rich mainland Chinese eager to gamble in China's only legal casino hub.
August's 30.7 billion patacas ($3.88 billion) revenue was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world's biggest gambling market to be up 17-19 percent.
A Portuguese colony until 1999, Macau's gambling revenues are closely twinned with China's economy, with over two thirds of tourists coming from the mainland.
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- WTO overcomes last minute hitch to reach its first global trade deal
- Colorado baker discriminated by denying gay couple wedding cake: judge
- U.S. freeze shows no sign of weekend melt after deadly storm
- Flights delayed as air pollution hits record in Shanghai