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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
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)
12/19/201606:09:34Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
12/15/201619:11:00Crown to Sell $1.18 Billion Stake in Macau Casino Operator...
12/15/201606:29:40Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
12/15/201606:08:03Report of Foreign Issuer (6-k)
12/15/201606:03:57Report of Foreign Issuer (6-k)
12/15/201605:28:39Melco Crown Entertainment Celebrates 10th Anniversary of NASDAQ...
12/15/201603:20:43Melco Crown Entertainment Announces Launch of Offer of Ordinary...
12/14/201618:29:01Melco Assumes Majority Ownership in Melco Crown Entertainment
12/14/201618:16:30Melco Crown Entertainment Announces Melco’s Agreement to Acquire S...
12/14/201617:28:26Automatic Shelf Registration Statement of Securities of Well-known...
12/14/201617:15:05Report of Foreign Issuer (6-k)
12/14/201616:58:25Report of Foreign Issuer (6-k)
12/14/201610:00:00Melco Crown Entertainment Limited (Nasdaq: MPEL) to Ring The...

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