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Macau residents get a cut of casino riches

Macau announces it will distribute 9K pacatas ($1,127) to each resident to help make up for the growing costs of living in the casino-rich region.

The territory brought in 95B pacatas ($11.89B) this year from taxes on gaming operations.

The incredible riches brought in by the casino industry from Macau has increased the pressure to keep the local populace contented.

Related stocks: MPEL, LVS, WYNN, MGM.

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  • walkingbear
    , contributor
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    sold mpel bought icld this am @ $6.12
    15 Nov 2013, 03:43 PM Reply Like
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