BUSINESS

Macau revenues increase yet again

TAGs: Macau, sands china, SJM Holdings, Wynn Resorts

macauIt may not be China’s sexiest city, or even in the top five, but if there’s one thing that Macau unflappingly do every month it is to get the previous months results out really ruddy early – and it’s no wonder; they’re always so bloody good! So as Vegas struggles with everything from record unemployment to rays of sun taking aim at unsuspecting visitors, China’s gambling enclave is reporting yet another year-on-year increase in revenue for the last month (September) as it rose by a total of 40% in the ninth month of the year.

A few of the companies based in particular were beneficiaries of these happenings, SJM Holdings, Sands China, and a couple of other casinos in the city generating $1.9billion more in the month compared with the same period last year.

Another one of the wynners was Wynn Resorts whose shares rose by 4% to $90.55, whereas Las Vegas Sands also increased by 3.2% to $36.31. As we’ve always said here at CalvinAyre.com, Asia is one of the two major areas of expansion in the gambling industry as a whole. So much for House of Dancing Water, more like House of Dancing Casino Execs at the moment.

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