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Macau gambling revenue jumps

Macau’s gambling revenue surged 70 percent in July with help from the end of the World Cup, in another strong sign for China’s gambling enclave despite Beijing’s efforts to cool the mainland Chinese economy.

Among Macau’s six casino license-holders, tycoon Stanley Ho’s SJM Holdings Ltd continued to lead the market with a share of 32 percent, followed by Las Vegas Sands Corp. unit Sands China Ltd with 19 percent, and Wynn Resorts Ltd unit Wynn Macau Ltd with 15 percent, according to financial-services company CLSA.

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(Source: The Wall Street Journal Online)