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Macau Gambling Revenue Up 20 Percent In July

Money Won From Gamblers Up To $3.7 Billion

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Macau’s gambling revenue jumped 20 percent in July, compared to July 2012.

July was 29.5 billion patacas ($3.7 billion), according to the Gaming Inspection and Coordination Bureau, which released data this week.

Macau, the only place in China where gambling is legal, is still trending up despite concerns of economic slowdown in the country. The July revenue was the third best of 2013.

The amount won from gamblers rose 21.1 percent in June, when compared to the same period in 2012. The amount collected in June 2013 was about 28.3 billion patacas — or $3.54 billion. For comparison, New Jersey, home to Atlantic City, brings in less gaming revenue during an entire year. Nevada, home to Las Vegas, brings in about $10 billion annually.

Macau gambling revenue climbed by a record 25 percent in March, thanks to casino expansion in the region’s Cotai area. Macau revenue rose to 31.3 billion patacas ($3.9 billion) in March, besting the previous high of 28.2 billion patacas last December.

The region is home to some of the largest casino companies in the world, including Nevada-based MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts. Wynn, for example, is currently in the midst of a new casino there.