Macao Gambling Revenue Tumbled 72% in October, but It's the Best Month Since January
Macao casinos had their best month since January as China's Golden Week holiday brought more visitors to the gambling mecca. But with wagering revenue still down 72.5% from a year ago, according to figures released today, it's not saying all that much.
Yet reports that Las Vegas Sands (NYSE: LVS) is considering selling its Las Vegas casinos to focus on Asia indicate confidence Macao will eventually recover.
The Macao skyline. Image source: Getty Images.
Source Fool.com
