Macau Gaming Revenue Rises 8% in December

Casino revenue in Macau increased in December, extending the industry’s recovery to a fifth month as the Chinese gambling hub’s efforts to reinvent itself drew more  Gross gaming revenue rose 8 percent from a year earlier to 19.8 billion patacas , according to data from Macau’s Gaming Inspection and Coordination Bureau, following a 14.4 percent increase in For the full year, casino revenue fell 3.3 percent to 223.2 billion patacas, easing from the 34.3 percent drop recorded in 2015. Analysts surveyed by Bloomberg expect a 7 percent increase in gambling revenue in 2017, in a recovery led by mass market players.