Macau Gambling Revenues Hit Record
(Reuters) – Shares of Macau casino operators rose on Thursday on reports gambling revenues in Macau rose to a new high in August, signalling a faster-than-expected recovery in the world’s largest gambling market.
Shares of Galaxy Entertainment Group rose as much as 6.4 percent to a near one-month high of HK$2.39, while Melco International Development, which is owned by Macau gambling scion Lawrence Ho, rose as much as 7.1 percent to a one-week high of HK$4.95.
Macau casino revenue soared 17.2 percent to 11.27 billion patacas ($US1.41 billion) in August, compared with a year earlier, according to analyst reports citing Portuguese news agency Lusa.

