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Macao had a happy 2011, what 2012 will bring?

01/25/12

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2011 has been the year of all record for Macao.
It recorded the best sales in their history, reaching 267,87 billion patacas (25,72 billion euros), with a 42% increase year to year.
Despite the good performance, the growth has declined since the turnover of the industry was up 58% from 2009 to 2010.
The former portuguese colony, given back to China in 1999, was not opened to foreign casinos until 2002.
Yet it has already surpassed Las Vegas, as we wrote on this post.
By the middle of 2009, recovering quickly from the economic crisis, Macao encountered a significant increase in revenue from its gambling industry.
However, it could be soon affected by the incoming global downturn.
Last December, the turnover of the sector increased by only 25%, compared to the same month the previous year.
This growth rate stands out as the least important from the last 12 months, despite the holiday season.

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