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Macau September Gambling Revenue Up 40% On Year At MOP15.3 Billion

HONG KONG -(Dow Jones)- Macau's September gambling revenue rose 40% from a year earlier, in line with August's 40% rise but slowing from the higher growth rates of the first half, due to a higher comparison base effect that is expected to trim growth rates during the remainder of the year. September revenue totaled MOP15.3 billion (US$1.9 billion), down slightly from August's MOP15.8 billion but still up from MOP10.9 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. CLSA analysts Huei Suen Ng and Aaron Fischer have said they expect gambling revenue in the Chinese territory to grow 34% in the second half from a year earlier, slowing from the first half's 67% rise. September's revenue was the fourth highest so far this year. The record was in May, when revenue hit MOP17.1 billion. Gambling revenue in the January-September period rose 60% from a year earlier. -By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com

Stock News for Melco Crown Entertainment Limited (MPEL)
DateTimeHeadline
02/04/201606:36:10Melco Crown Entertainment Announces Earnings Release Date
01/19/201606:11:48Statement of Ownership (sc 13g)
01/15/201606:09:47Statement of Ownership (sc 13g)
12/06/201508:31:02No Recovery Yet for Macau's Beleaguered Gaming Market
12/06/201508:04:16Why Shares of Melco Crown Entertainment Ltd. (ADR) Dropped 13...
12/03/201504:44:01Double Celebration for City of Dreams’ Flagship Entertainment C...
11/27/201506:32:51Report of Foreign Issuer (6-k)
11/27/201506:30:34Report of Foreign Issuer (6-k)
11/25/201514:40:02The Best Stock in Gaming Today
11/21/201510:09:02Macau Government Gives Grim Outlook for Gaming
11/18/201506:42:02Studio City Loan Amendment Update
11/18/201506:24:28Report of Foreign Issuer (6-k)
11/10/201510:00:17Gaming Stocks Are on a Tear -- Here's Why
11/07/201513:00:07Is Macau Finally On the Road to Recovery?
11/05/201508:17:34Melco Crown Entertainment Announces Unaudited Third Quarter 2015...
11/05/201508:10:00Melco Crown Entertainment Announces Unaudited Third Quarter 2015...
11/05/201508:02:35Report of Foreign Issuer (6-k)
11/01/201521:01:35Macau revenue falls 28% in October
10/28/201512:56:08Let the Dreams Begin: Studio City Welcomes the World With a...
10/27/201512:59:35Studio City Casts a Global Entertainment Spotlight on Macau

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