HONG KONG: Macau, the world’s largest gambling market, posted a 48.4% rise in July gambling revenue to 24.2 billion patacas (US$3.01bil) yesterday, underscoring unflagging demand from China’s newly minted millionaires and burgeoning middle class.
Cash-rich mainland gamblers, who contribute the bulk of earnings in the glitzy enclave an hour from Hong Kong by ferry, have helped the former Portuguese colony maintain stellar gaming revenue since the start of the year. — Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
