Casino revenue in Macau, the world’s largest casino hub, surged 66 percent to 18.9 patacas billion ($2.36 billion) in December as increasing Chinese gamblers visited the city.
Sales for casinos in Macau, the only place in China where they’re legal, surged 58 percent to 188.3 billion patacas last year.
Macau’s visitor arrivals rose 15 percent to 22.7 million in the first eleven months, with more than 80 percent coming from mainland China and Hong Kong, the city’s tourism agency said. Tourists from mainland China increased 20.5 percent in the first 11 months, according to the agency’s data.
Wynn Macau Ltd., the Hong Kong-listed casino unit of Wynn Resorts Ltd., climbed as much as 6.3 percent, the biggest intraday increase since Nov. 18, to a record HK$18.50. The stock traded at HK$18.38 as of 3:35 p.m. Hong Kong time.
Billionaire Stanley Ho’s SJM rose 3 percent to HK$12.72, Sands China gained 1.5 percent to HK$17.34 and Galaxy Entertainment Group Ltd. surged 6.5 percent to HK$9.37. Melco International Development Ltd., which has a joint venture with with Australian billionaire James Packer’s Crown Ltd., advanced 4.7 percent to HK$4.65.
Macau surpassed the Las Vegas Strip as the world’s biggest gambling hub in 2006, after the government ended Stanley Ho’s four-decade gambling monopoly and allowed the entry of foreign operators.
To contact the reporter on this story: Wendy Leung in Hong Kong at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
To contact the editor responsible for this story: Frank Longid in Hong Kong at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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