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by: Gene Koprowski.
Macau's top casino operator SJM Holdings Ltd. said the second half of 2009 has "started well, with total gaming revenue in Macau rising significantly."


SJM Holdings is controlled by Macau gambling magnate Stanley Ho. The company said mass market gaming revenue rose by 4.6 percent to HK$5.9 billion in the first half, bucking the downtrend in the market, while its VIP gaming revenue fell 9.9 percent to HK$8.4 billion, contrasted with 19 percent decline for the gaming industry.

Gambling revenue fell a bit during the first half of the year, according to the city's Gaming Inspection and Coordination Bureau, as visa restrictions introduced by the Chinese government reduced the number of visitors from mainland China.

Analysts have said the latest data indicate a recent recovery in Macau's gambling market in the second half, bolstered by economic recovery in Hong Kong and China, an easier credit environment and increasing consumer confidence.

Macau's monthly gaming revenue in August hit a record high of 11.27 billion patacas, up 17% from a year earlier and up 18% from July, according to the city's gaming bureau.





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