Macau Gambling Revenue Continues To Boom, Boosts Share Prices

October 11th, 2010 – by Glen Farmer

The Macau gambling industry has continued to prove successful, and the books show another 40% increase for the region’s gambling revenue. September is another successful month for the casino’s in the region, and has continued to build the success of the entire year.

While September and August have not been the biggest months of growth, they were still better for Macau than the west’s Las Vegas and Atlantic City. Macau has surpassed Las Vegas as the world’s largest gambling market.

September’s revenue totaled at $1.9 billion USD, which is up from $1.39 billion USD in September of 2009. Macau’s gambling industry is expected to continue growth through the second half.

Since the government has allowed foreign business operators to open casinos in the region, many gambling companies have capitalized on the growing industry. Wynn Resorts Ltd. and Las Vegas Sands Corp have both experienced rising stocks. MGM Resorts International also experienced strong gains throughout the weekend.

Las Vegas also experienced some growth, effectively ending a five month losing streak. Atlantic City’s gambling industry has continued its free fall, and has been falling short of previous figures for the past 24 months running.

Many western gambling companies have been contemplating reversing their stance on USA online gambling. The possibility of USA online casinos and poker could become a reality, provided a framework is established for taxes and regulations.

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