Strict checks: A man walking past a bank advertisement for Union Pay services in Macau. Macau regulators require facial recognition and identity card checks on ATM users to curtail overseas shifting of currency. — AFP
HONG KONG: A rebound in Macau’s casino revenue accelerated in July as spending by high-rollers continued to add momentum to the year-long recovery despite China’s efforts to curb capital outflows.
Gross gaming receipts in the world’s largest gaming hub rose for a 12th straight month, increasing 29% to 23 billion patacas (US$2.9bil), according to data released by Macau’s Gaming Inspection and Coordination Bureau yesterday. That topped the median estimate for a 26% increase in a Bloomberg survey of nine analysts, and is the biggest gain since February 2014.
Limited time offer:
Just RM5 per month.
