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Macau casino revenue growth at slowest since 2010

Published Aug 01, 2012 at 09:35 - Myfoxhouston

Casino revenue in Macau, the world's biggest gambling market, grew last month at the slowest pace in more than two years as China's economic slowdown crimped demand from high-rolling gamblers.

Macau government data released Wednesday showed that July revenue rose to 24.58 billion patacas, up 1.5 percent compared with the same period a year before. That's the lowest growth rate since until further notice January 2010.

Macau casino earnings have rocketed in recent years thanks to legions of mainland Chinese high-rollers. In 2011, earnings soared 42 percent to $33.5 billion, more than five times the amount earned on the Las Vegas Strip.

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