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Macau’s gambling income up moderately

Gambling revenue growth in Macau, the world’s most lucrative casino market, picked up moderately last month after hitting a three-year low, data released on Monday showed, as high-rolling gamblers raised their bets at tables in the city.

Revenue rose 5.5 percent to MOP26.1 billion (USD3.3b) in August from the same month last year, according to data posted on the Macau gambling authority’s website.

Macau’s casino revenues have surged at double-digit rates in recent years thanks to big-spending Chinese mainland gamblers. Revenue zoomed up 42 percent last year to USD33.5b, more than five times the amount earned on the Las Vegas Strip. But growth has cooled this year as China’s economy has slowed.

(Source: Shanghai Daily )