Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7300
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    82.67
    -0.14 (-0.17%)
     

  • Bitcoin CAD

    87,955.91
    -3,436.30 (-3.76%)
     

  • CMC Crypto 200

    1,386.30
    -37.80 (-2.65%)
     

  • GOLD FUTURES

    2,331.80
    -6.60 (-0.28%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,471.00
    -193.50 (-1.10%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    37,811.43
    -648.65 (-1.69%)
     

  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

Macau gambling revenue rises 3.1 percent in January to $2.4 billion

Reuters
Casinos are seen in a general view of Macau, China October 8, 2015. REUTERS/Bobby Yip

HONG KONG (Reuters) - The world's biggest casino hub of Macau posted a 3.1 percent rise in gambling revenue in January as demand in China's only legal casino hub gained further steam after a more than two-year slump bottomed out in mid-2016.

Gambling revenue in January rose to 19.3 billion patacas ($2.4 billion), government data showed on Wednesday, getting a boost from a national holiday at the end of January.

Macau gambling revenues, which were hurt by a corruption crackdown and slowing economic growth, have been on a positive streak since August 2016 after the opening of new resorts helped bring in more casual gamblers and wealthy spenders to the southern Chinese territory.

($1 = 7.9840 patacas)

(Reporting by Hong Kong Newsroom; Editing by Muralikumar Anantharaman)