The worst may be over for global gambling capital Macau, yet not every casino is in line to win big.
The number of Chinese visitors to the gambling hub rose 7% from a year ago during the just completed weeklong holiday celebrating Chinas National Day. Gross gambling revenue in the first 10 days this month is 18% higher than last year, says Bernstein. Partly, the strong growth was due to the low base last year affected by a typhoon. For the whole of October, analysts expect a 5% to 8% year-over-year increase, the third straight month of growth.
This is a relief after a long stretch of shrinking revenues. But the glory d…
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