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SJMHF SJM Holdings Ltd (PK)

0.2951
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SJM Holdings Ltd (PK) USOTC:SJMHF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2951 0.2765 0.3466 0.00 21:04:04

Macau November Gambling Revenue Up 7.9% On Year At MOP24.88 Billion

03/12/2012 10:44am

Dow Jones News


SJM (PK) (USOTC:SJMHF)
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   By Kate O'Keeffe 
 

HONG KONG--Macau's November gambling revenue rose 7.9% from a year earlier, but came off an all-time high hit in October.

Gambling revenue rose to 24.88 billion patacas ($3.12 billion) last month, according to data from Macau's Gaming Inspection and Coordination Bureau released Monday. The figure represented a decrease from October's record MOP27.70 billion, which had been bolstered by a holiday week.

In the first eleven months of the year, revenue rose 13% from the same period in 2011 to MOP275.89 billion.

Gambling revenue increased rapidly from the end of 2009, but the pace of growth has dwindled this year due to a slowing Chinese economy and a high base of comparison last year, when gambling revenue rose 42%.

Macau, the only place in China where casino gambling is legal, is the world's largest gambling center. Last year it earned more than five times the gambling revenue of the Las Vegas Strip.

Write to Kate O'Keeffe at kathryn.okeeffe@wsj.com

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