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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
04/16/201503:34:06Melco Crown Entertainment and Taubman Asia Announce Plans for...
04/15/201518:20:03Macau's Casinos May Take Another Hit From China
04/15/201510:26:15Melco Crown Entertainment Earns "Equal Weight" Rating from Barclays...
04/15/201506:54:27Annual and Transition Report (foreign Private Issuer) (20-f)
04/15/201506:43:19Report of Foreign Issuer (6-k)
04/15/201506:40:19Report of Foreign Issuer (6-k)
04/09/201511:29:28Big move in Macau stocks as operators eye new markets
04/08/201516:20:02The One Casino Company to Buy Today
04/03/201508:22:23Macau casino market share leaders
04/03/201501:48:15Macau: Six Times Bigger Than Vegas, With Six Times The Opportunity
03/31/201508:23:41Report of Foreign Issuer (6-k)
03/31/201504:19:09Melco Crown Could Still See Meaningful Downside
03/26/201518:51:20Why Melco Crown Entertainment's Sell-Off May Be Overdone
03/25/201516:34:02Losing Streak Not Over Yet -- 3 Alarming Trends in Macau
03/25/201510:45:55Report of Foreign Issuer (6-k)
03/25/201510:32:26Report of Foreign Issuer (6-k)
03/24/201519:05:01The Best Casinos for 2015: Why Las Vegas Bets Aren't Winners
03/23/201508:58:22Local officials in Macau flex their muscles
03/20/201509:46:30Why Brean Capital Suggests You Bet on Black With Macau Casino...
03/19/201508:54:54Bull call on Macau gaming from Brean Capital

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