Macau casino revenue rises to $38 billion in 2012
BY Associated Press
Thursday, January 03, 2013
1/03/13 at 2:41 AM
Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion as the Asian gambling hub reinforced its position as the world's biggest gambling market.
Gross revenue from Macau's 35 casinos also hit a monthly record in December, rising 20 percent to $3.5 billion, according to data posted Wednesday.
But gambling revenue growth eased off in 2012 from the year before, when it rocketed 42 percent to $33.5 billion, as China's economy slowed and wealthy mainland Chinese gamblers held back amid fears about a crackdown on corruption.