Macau gambling revenue up 10.3 percent in July

Figures from the Macau Gaming Inspection and Coordination Bureau released Wednesday show that in July gambling revenues were up 10.3 percent y-o-y at 25.3 billion patacas (US$3.14 billion).

July was the 24th month of consecutive revenue gain in the former Portuguese colony after it plunged to five-year lows due to slowing economic growth and a widespread crackdown on corruption starting in 2014.

The Bureau noted that July 2018 revenues were up from the month of June 2018, and were within the range expected by analysts.