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Macau Gaming Snaps Two-Year Drop to Rise 1.1% on New Resorts

A man and a child walk on a path at a park near Fortaleza do Monte in Macau. Macau reversed its 26-month slump in gaming revenue in August.
  • Chinese city’s casino revenue had fallen 26-straight months
  • Operators such as Wynn, Sands looking to attract more tourists

Macau reversed its 26-month slump in gaming revenue as new resorts, including one by Wynn Resorts Ltd., attracted visits from recreational gamblers.

Casino shares rose, as investors now look to see whether operators can sustain the momentum through a key holiday week. Gross gaming revenue rose 1.1 percent in August to 18.8 billion patacas ($2.4 billion), according to data from Macau’s Gaming Inspection and Coordination Bureau. That followed a 4.5 percent decrease in July and beat the median estimate of a 1.5 percent drop by eight analysts surveyed by Bloomberg.

Gambling revenue in the former Portuguese enclave has been falling since June 2014 amid China’s economic downturn and the government’s crackdown on...