Macau reported another period of positive results, noting its 13th consecutive month of growth.
Macau.- The Chinese gaming zone of Macau has revealed last month’s reports on casino finances and the positive results boosted the economic situation. Macau casinos have experienced its 13th consecutive month of growth, after two years of decline due to national crackdown on VIP gaming services. The casino city grew 20 percent in August.
The upward trend achieved last month came partially as a shock for experts, as the city went through a major energy crisis. “All casinos in the Chinese territory reported power cuts and water shortages ranging from several hours to as many as four days after the typhoons first hit on Aug. 23, causing extensive damage and killing 10 people,” published the international news agency Reuters.
Casino industry achieved 22.7 billion patacas (US$2.82 billion) in August, although the governmental entity that controls gaming sector stated that the deadly typhoons lost casinos 5 to 7 percent in monthly gross gaming revenue.
“Casinos will begin to return to business as usual from the coming weekend with the resumption of package tours. However some public events have been canceled, including the international fireworks contest, a major tourist draw,” reported Reuters.