Modest rise for Macau revenues

Gambling revenues in Macau are up 5.5% for August, registering a single-figure year-on-year increase for the second month in a row following a 1.5% rise in July. The $3.27bn generated in August was the highest of any month this year and also improved on the $3.1bn taken in August 2011. Analysts had forecasted growth of around 7%-9% for the month, meaning the results came in slightly under expectations. CIMB Group analyst Michael Ting sai...