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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
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
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11/15/201309:17:55OZ Management LP 3Q 13F: Largest Sales
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Largest Purchases
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11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep 30
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11/15/201306:41:47Tremblant Capital Group 3Q 13F: Largest Sales
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11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Largest Purchases
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep -2-
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Largest Purchases -2-
07/10/201308:19:36Lawrence Ho-Controlled Firms Sign Deal to Buy 51% Stake in Russian...
07/01/201302:31:47Macau Gambling Revenue up 21% on Year in June at MOP28.27 Billion
04/02/201304:19:07Macau Gambling Revenue up 25% on Year in March to Record MOP31.34...

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