Macao's casino revenue hits record high in Oct

Nov. 6, 2009 (China Knowledge) -  Macao's casino sector in October saw its revenue hit a record high of 12.7 billion patacas, a level 42% higher than last October, due to mainland China's eight-day National Day Holiday last month and a recovery in the Chinese economy, sources reported.

The figure reflects an 18% growth compared with the 10.8 billion patacas of September.

In the first ten months of this year, the city's casino industry realized revenue of about 95 billion patacas, 3.5% more than in the same period of last year.

Analysts predicted that Macao's casino revenue will be between 117 billion patacas and 125 billion patacas this year.

SJM Holdings Ltd<0880>, one of Macao's six casino operators, earned 3.89 billion patacas in revenue in October, 12% more than in the corresponding period of last year, due to the contribution of a new casino it opened in September. The company controls a 30.9% share of the city's casino market.