ChiNext may seem to some investors to resemble a casino but how is the real thing doing across the border in the Chinese Special Administrative Region of Macau?
Very well, it would seem. In October gaming revenues surged 50% from a year earlier (yes, 50%), and set a new monthly high, beating all analyst expectations, reports the Wall Street Journal. October’s take at the tables reached 18.87 billion patacas ($2.36 billion).
The numbers were boosted by the massive influx of punters from the mainland during the Golden Week holiday – which falls in the first week of October after National Day. Traditionally this and the week-long Lunar New Year holiday are the peak periods for Macau, since they see the biggest concentration of tourist arrivals from across China.
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