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Macau August Gambling Revenue Up 57% On Year At MOP24.77 Billion

HONG KONG -(Dow Jones)- Gambling revenue in Macau rose 57% in August from a year earlier, government statistics showed Thursday, as high rollers from mainland China continued to fuel growth regardless of China's tightening measures. Macau, the only place in China where casino gambling is legal, has seen gambling revenue soar since the end of 2009 as players continue to place bets despite Beijing's moves to tighten credit and local government policies aimed at slowing growth to a more sober pace. Gambling revenue in the Chinese territory rose to MOP24.77 billion (US$3.09 billion) last month, up from MOP15.77 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. Macau overtook the Las Vegas Strip as the world's biggest gambling market in 2006 and is poised to rake in five times the Strip's gambling revenue this year. In the January-August period, Macau's gambling revenue rose 47% from a year earlier, adding to a 58% surge in 2010. -By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; [email protected]

Stock News for Melco Crown Entertainment Limited (MPEL)
DateTimeHeadline
02/22/201708:05:52Melco Crown Entertainment Leads Macau Entries in 2017 Forbes...
02/22/201703:18:58Melco Crown Entertainment Unveiled the Inspiration Behind the...
02/21/201710:38:55City of Dreams’ Jade Dragon and The Tasting Room The Only Two M...
02/17/201706:19:58Report of Foreign Issuer (6-k)
02/16/201708:07:27Melco Crown Entertainment Announces Unaudited Results for the...
02/16/201708:03:10Report of Foreign Issuer (6-k)
02/15/201723:07:57Melco Completes Acquisition of Majority Stake in Melco Crown...
02/14/201707:34:59Melco Crown Entertainment Announces Earnings Release Date
02/14/201707:03:59Report of Foreign Issuer (6-k)
02/14/201706:52:36Report of Foreign Issuer (6-k)
02/07/201710:42:40Statement of Ownership (sc 13g)
02/06/201717:12:56Statement of Beneficial Ownership (sc 13d)
02/03/201706:10:37Statement of Ownership (sc 13g)
01/12/201708:12:25Melco Crown Entertainment Limited Announces Appointment of New...
01/12/201707:58:52Report of Foreign Issuer (6-k)
01/12/201707:17:25Melco Crown Entertainment Limited Announces Declaration and Payment...
01/12/201707:06:25Report of Foreign Issuer (6-k)
01/06/201707:10:32Melco Crown Entertainment Announces New Appointments to Leadership...
12/20/201616:09:44Report of Foreign Issuer (6-k)
12/19/201607:29:01Report of Foreign Issuer (6-k)

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