Casino gambling revenue in Macau, the world’s biggest betting hub, probably increased 70 percent in the first week of June from a year earlier, Deutsche Bank AG analyst Karen Tang said, prompting her to raise her annual forecast.
A gauge of Chinese stocks traded in Hong Kong headed for the highest since January after data showed mainland inflation quickened to the fastest pace in four months. Casino shares led declines on the Hang Seng Index.
Macau’s gambling riches sparked bloody gunfights between triad gangsters two decades ago. Today, there’s a new conflict brewing, only this time it’s being waged with private jets, limousines and million-dollar loans.