Macau Casinos Continue Winning Streak In NovemberIndustry Records Year-Over-Year Gain For Fourth Straight Month |
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The now growing casino industry in Macau won $2.4 billion from gamblers in November, according to figures released by the Gaming Inspection and Coordination Bureau.
The amount was a 14.4-percent increase compared to November 2015, but, as a Bloomberg report pointed out, November 2015 was the worst performance for the casino industry in half a decade.
Still, last month’s results were the best month for the industry (in terms of year-over-year growth) in over two years. It was also the fourth straight month that revenues increased year-over-year.
Gaming win increased just under nine percent in October, 7.4 percent in September and 1.1 percent in August. At its worst point, the Macau casino industry was seeing 30-percent year-over-year declines.
The August performance ended a 26-month-long slump.
Macau had a record $45.2 billion in gaming revenue in 2013, a figure which fell to roughly $29 billion last year. Macau’s gambling market is still more than twice as large as Nevada’s.
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