Macau Revenues Surge in August

Casino News - September 4th, 2009 - Written by Glen

While the American gambling market endures rough times, the Macau based casinos have been flourishing. They saw a record breaking rise in their revenues, totaling at a 17% jump. Many casinos around the United States are seeing 17% drop in their monthly revenues.

This has been the second straight monthly rise that Macau has seen, and to give a comparison to how the American market stands up, many casinos are on a year long drop in revenues. Compared to last year, Macau has never been better.

September is expected to show yet another rise, though the speculation may be unfounded. The global economy is strikingly week, so whether or not to gamble on September's outcome is up in the air. The Asia Pacific Poker Tour recently paid a visit to Macau, which may have aided in the boost to Macau's revenue.

Macau is the biggest casino center on the world, coupled with Las Vegas. Vegas has been in trouble as of late, though Macau has been showing higher stock prices in the recent trade. August showed revenues equal to 11.27 billion patacas, which equates to roughly $1.4 billion dollars. While Atlantic City continues to crumble and Vegas has low income rates, Macau continues to rise beyond the expectations of share holders and tax collectors.

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