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Soaring casino revenue expected to extend to August: researcher

Gaming revenue momentum is expected to sustain, with August performance projected to rise by 14.8 per cent year-on-year and by 2.5 per cent month-on-month, according to Seaport Research Partners.

July’s gross gaming revenue surged to a post-covid record high of MOP22.13 billion (US$2.73 billion) — a 19 percent increase from a year earlier.

Analyst Vitaly Umansky wrote in a recent note that the result exceeded Bloomberg’s end-of-month sell-side estimate of a year-on-year increase of 13 per cent.

Read more in Macau News Agency

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