The developing economic slowdown in China didn’t stop Macau from netting huge revenues last month.
The gaming metropolis posted a 20% increase in July year-over-year, according to the Macau Gaming Inspection and Coordination Bureau.
Macau, a betting hub located outside Hong Kong, took home $US38 billion in gaming revenue last year.
Once just a high-stakes gambling destination, Macau is beginning to lure China’s middle class.
“Many Chinese tourists come here for shopping purposes, because despite the 30% luxury tax, these top-tier products are still less expensive than if they were bought in Europe,” wrote poker.co.uk’s Frankie Price.
Of course, Macau’s bread and butter remains baccarat, where VIP games account for two-thirds of the town’s casino revenue.