Despite ongoing economic concerns throughout the world, the momentum of the gambling industry in Macau, China, is showing no signs of slowing down.Macau recently overtook Las Vegas as the unofficial gambling hub of the world and new figures have revealed that casino revenue in the province rose 35 per cent last month, online poker players may wish to know.
Gary Pinge, an analyst at Macquarie Securities Ltd, explained the expansion of the casino industry in Macau, saying: "Better infrastructure is drawing more Chinese tourists to Macau, benefiting the whole industry."
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He added, however, that there is likely to be slower growth this month as high-stake gamblers find it harder to raise credit.
In other industry news, the Rank Group confirmed recently that it is on the cusp of becoming the UK's biggest casino operator.
The firm said that it has held constructive talks with debt-laden rival Gala Coral over a potential takeover.
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