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Macau gambling revenue in July up 20 percent year-on-year

1 August 2013

Reuters reports that gambling revenue in Macau defied China's economic slowdown and rose 20 percent in July year-on-year, boosted by an increase in the number of Chinese visitors to the country's only legal casino gambling hub as well as the size of their bets.

The Reuters report states that July's 29.5 billion patacas ($3.7 billion) revenue was the third-strongest figure this year, according to government data released on Thursday, as more middle-class gamblers visited Macau, eclipsing the growth in the number of high-rollers.

According to Reuters, analysts had forecast July growth in the world's biggest gambling market to rise 18-21 percent.

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