Macau's gambling industry earned CAD$3 billion last month, the second highest ever in its short history, according to figures released by the Gaming Inspection Coordination Bureau ("DICJ"). Gross revenues rose 5.5% over last year, representing the slowest growth since 2009. Gross casino receipts were up 6.3%. The figures alleviate previous concern that the cash-flow from gamblers originating from China has dried up. As a result of Chinese banking regulations which restrict funds that can be removed from China to approximately $50,000 per person per year, gambling in Macau remains a popular vehicle for removing currency from China. Macau has 35 casinos, 5,498 gaming tables and 17,035 slot machines and is one of the most active gambling markets in the world.
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September 03, 2012
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