Macau Gaming Revenue Growth Beats Estimates as New Resorts Open
- September gross gaming revenue climbs 7.4% to $2.3 billion
- Vegas Sands, Wynn boost Macau revenue with new projects
People stand in front of Wynn Resorts Ltd.'s Wynn Palace casino resort at night in Macau, China, on Sunday, Aug. 28, 2016. Macau is scheduled to release gross domestic product (GDP) figures on Aug. 30.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Macau’s gaming revenue swelled more than estimated in September, with new casino projects from the local units of Las Vegas Sands Corp. and Wynn Resorts Ltd. helping draw recreational gamblers.
Gross gaming revenue rose 7.4 percent to 18.4 billion patacas ($2.3 billion), according to Macau’s Gaming Inspection and Coordination Bureau. That followed a 1.1 percent increase in August, after a 26-month slump, and compares with the median estimate for a 4 percent advance in a Bloomberg survey of nine analysts.