 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Hong Kong (AFP) Nov 2, 2010 Macau has set a new monthly record for gaming revenue, raking in 2.36 billion US dollars in October, according to official data, cementing its position as the world's biggest gaming hub. The latest figures are a 50 percent year-on-year increase as the southern Chinese territory saw a surge of visitors during the National Day holiday period in at the start of the month. Macau's October gaming revenue was 18.87 billion patacas (2.36 billion US dollars), compared with 12.6 billion patacas in the same month last year, according to figures from the city's Gaming Inspection and Coordination Bureau. Macau has seen a sharp increase in revenue since mid-2009 and it continues to smash monthly records, shrugging off a downturn during the global financial crisis. The city's gaming operators, including Las Vegas Sands' Macau unit and Galaxy Entertainment Group, posted strong third-quarter financial results last week on the back of surging revenue. Macau, which was handed back to China in 1999, is the only Chinese city where casino gambling is allowed. It has overtaken Las Vegas in terms of gaming revenue after the sector was opened to foreign competition in 2002. -- Dow Jones Newswires contributed to this report --
Share This Article With Planet Earth
Related Links The Economy
Hong Kong brokers' long lunch in the firing lineHong Kong (AFP) Oct 31, 2010 Hong Kong's stockbrokers may soon have to wave farewell to three-course lunches at Michelin-starred restaurants and instead settle for a cold sandwich at their desks. The city's bourse wants to cut its two-hour midday break - the longest among the world's 20 major stock exchanges - to bring trading hours in line with other Chinese financial markets. But cutting a cherished lunch break ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
