Macau gambling revenue hits record $56.8b in 2013
HONG KONG, Jan 02, 2014 (AFP) - Macau's gambling revenue jumped 18.6 per cent to a record US$45 billion (S$56.8 billion) in 2013, official figures showed on Thursday, cementing the city's place as the world's largest gaming hub.
Gaming revenues rose to 360.75 billion patacas (S$57.25 billion) last year from 304.14 billion patacas in 2012, according to government figures.
There had been fears of a slowdown as year-on-year growth in 2012 was just 13.5 per cent, compared to 42 per cent in the previous year.
Macau's gaming sector has seen a boom in recent years due to an influx of well-heeled Chinese gamblers, and the city's government has distributed cash handouts to its residents annually since 2008.