Macau gambling revenue rises 18.6 percent to $45 billion in 2013
HONG KONG Jan 2 (Reuters) - Macau, the world's biggest casino hub, earned $45 billion in gambling revenue in 2013, 18.6 percent more than in 2012, showed data released by the local government on Thursday.
Macau is a special administrative region of China which draws more than seven times the gambling revenue of rival casino destination Las Vegas, thanks to its proximity to wealthy Chinese.
Improved access to Macau boosted revenue from China's growing middle class last year, offsetting slowdown in the growth of VIP custom following a central government campaign to curb officials' conspicuous spending.
In December, revenue grew 18.5 percent from a year earlier to 33.5 billion patacas ($4.19 billion) thanks to a rise in holiday-season visitors. Growth was slightly higher than the 13 percent to 17 percent estimates of six analysts. (Reporting by Farah Master; Editing by Christopher Cushing)
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