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Macau gambling revenue breaks two-year downward trend with one percent August rise

Casinos are seen in a general view of Macau, China October 8, 2015.

Macau, the world's biggest casino hub, posted a 1.1 percent rise in gambling revenue in August, the first positive monthly year-over-year growth in more than two years, after the opening of Wynn Macau's $4 billion resort in the southern Chinese territory.

August marks the first upward tick for the former Portuguese colony since May 2014, after monthly revenues plummeted to five-year lows due to slowing economic growth in the world's second largest economy. A major anti-graft campaign also kept the very rich from openly flaunting their wealth.

Macau, the only place in China where casino gambling is legal, is set for another multi billion casino...


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