News Summary: Macau casino revenue to $38B n 2012

Updated: 01/02/2013 11:37 AM KSTP.com

DOUBLING DOWN: Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion in the world’s biggest gambling market. Gambling revenue growth eased off in 2012 from the year before, when it rocketed 42 percent.

CHANCE ENCOUNTER: Analysts noted that a decline in Chinese high rollers, who account for two-thirds of Macau casino revenue, has been offset by growing numbers of middle-class Chinese.

THE CASINO NEXT DOOR: Chinese gamblers account for the bulk of visitors to Macau. It’s an hour by ferry from Hong Kong and is the only place in China where casino gambling is legal.

(Copyright 2013 by The Associated Press. All Rights Reserved.)