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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; kathryn.okeeffe@dowjones.com

Stock News for Melco Crown Entertainment Limited (MPEL)
DateTimeHeadline
09/05/201405:37:10ASIA MARKETS: Hong Kong Stocks Fall Ahead Of U.S. Jobs Report
08/07/201405:33:34ASIA MARKETS: Hong Kong Stocks Retreat On Casino Rout
06/10/201411:37:20ASIA MARKETS: Asia Stocks End Mixed After China Inflation Data
05/07/201405:23:33ASIA MARKETS: Asia Stocks Fall Sharply After U.S. Losses
03/19/201412:21:00Galaxy to Build China Resort Near Macau--Update
01/27/201405:44:40Melco Crown Boosts Investment in Manila Casino to $680 Million
11/25/201303:18:11Bouygues to Build EUR360 Million Luxury Hotel in Macau
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:17:55OZ Management LP 3Q 13F: Largest Sales
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Largest Purchases
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:39:33Kingdon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep -2-
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep 30
11/15/201306:41:47Tremblant Capital Group 3Q 13F: Largest Sales
11/15/201306:41:44Tremblant Capital Group 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Largest Purchases -2-
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep -2-

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