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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
12/07/201606:27:20Report of Foreign Issuer (6-k)
11/30/201612:24:35Studio City Company Limited Announces Completion of Senior Secured...
11/30/201612:05:22Report of Foreign Issuer (6-k)
11/29/201609:29:22Melco Crown Entertainment Unveils New Hotel Brand “Morpheus” at...
11/29/201607:57:51Report of Foreign Issuer (6-k)
11/22/201617:04:00Studio City Company Limited Announces Pricing of Senior Secured...
11/22/201616:47:34Report of Foreign Issuer (6-k)
11/15/201606:24:10Report of Foreign Issuer (6-k)
11/14/201619:36:16Studio City Company Limited Announces Proposed Senior Secured...
11/08/201623:17:00Melco Crown Entertainment Now Offers the Most Michelin-Starred...
11/08/201609:14:28Melco Crown Entertainment Announces New Leadership Structure
11/08/201608:50:32Report of Foreign Issuer (6-k)
11/03/201608:27:18Melco Crown Entertainment Announces Unaudited Third Quarter 2016...
11/03/201608:18:03Report of Foreign Issuer (6-k)
11/02/201610:58:00Report of Foreign Issuer (6-k)
10/31/201607:45:50Melco Crown Entertainment Announces Earnings Release Date
10/31/201607:10:03Report of Foreign Issuer (6-k)
10/28/201603:20:08Studio City Celebrates the Year of ‘Firsts’
10/19/201606:28:00Studio City Celebrates 1st Anniversary
10/19/201606:04:19Studio City Celebrates 1st Anniversary

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