Macau had yet another great month in terms of gaming revenue for its casinos.
November saw revenues of 30.18 billion patacas ($3.78 billion USD), according to the local government. That figure amounts to a 21.3-percent increase compared to the same period last year.
In November 2013, there was an international boxing match and the annual Grand Prix motor race in Macau, according to reporting from Reuters.
The revenue spike was higher than analysts had expected.
According to the most recent tally, Macau has 35 brick-and-mortar casinos, but eight more are in the pipeline. Some of the largest U.S. casino firms operate there, such as MGM Resorts International, Wynn Resorts and Las Vegas Sands Corp.
Macau’s November was coming off a record-shattering October that saw gaming revenue of $4.57 billion. The previous monthly revenue record of $3.92 billion was set in March of this year.
Gaming revenue is simply the money that the casino industry was able to win from gamblers, at all of the property’s games, before any applicable taxes.
Macau’s huge gaming win is widely attributed to high-stakes forms of baccarat.
Gambling makes about around 50 percent of Macau’s economy.
Last year, Macau brought in $38 billion from gamblers, and will smash that mark this year.
