Macau Casinos Extend Winning Streak as Junkets Lure Gamblers

Revenue growth in November exceeds analyst estimates
Gaming receipts increased 23%, fastest pace in 4 months

Electronic gaming machines manufactured by Aristocrat Leisure Ltd. stand on display during the Macau Gaming Show (MGS) in Macau, China, on Tuesday, Nov. 14, 2017. Macau regulators are strengthening their oversight of the almost $30 billion casino industry as they plan to release details next year of the renewal process for operators.Photographer: David Paul Morris/Bloomberg

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By Daniela Wei

December 1, 2017 at 12:05 AM EST

Updated on

December 1, 2017 at 4:06 AM EST

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Macau’s casino revenue in November grew at the fastest pace in four months as junket operators attracted high-stakes players to the world’s largest gambling hub.

Gross gaming receipts rose 23 percent to 23 billion patacas ($2.9 billion) last month, according to data released by Macau’s Gaming Inspection and Coordination Bureau on Friday. That exceeds the median estimate for a 19 percent increase in a Bloomberg survey of seven analysts.

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