June 3, 2014 / 4:52 AM / in 3 years

Macau gambling revenue up 9.3 percent in May

HONG KONG, June 3(Reuters) - Macau, the world’s casino capital, raked in 32.35 billion patacas ($4.05 billion) in gambling revenues in May, boosted by robust demand from Chinese visitors keen to bet in the country’s only legal casino hub.

Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 9.3 percent in May, lagging analyst estimates of 13-15 percent.

A Portuguese colony until 1999, Macau earns the equivalent of Las Vegas’s annual haul in less than two months. Annual revenues reached a record $45 billion in 2013, elevating the tiny territory high above rival gaming destinations.

$1 = 7.9860 Macau patacas Reporting by Farah Master; Editing by Matt Driskill

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