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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 |
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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