Macau gambling revenue jumps 8.8% in October

And the recovery continues for Macau’s struggling casino industry.

The city state’s casino gross gaming revenue posted an 8.8 percent year-on-year increase in October, to MOP21.82 billion (USD2.73 billion), according to Macau gaming regulator Gaming Inspection and Coordination Bureau.

October was the best month for the world’s biggest casino hub since January 2015, when GGR totaled MOP23.84 billion, according to the regulator. It also marked that third consecutive month of year-on-year growth for Macau, which recorded its first growth in August after 26 straight months of decline.

The growth, which exceeded analyst expectations, was attributed to newly opened casino resorts that boosted spending in the special administrative region.