No fireworks yet

It’s still too early to say Macau’s US$29 billion (MOP231 billion) casino industry is rebounding, even after August’s bump in revenue halted a two-year decline, says Lui Che Woo, the billionaire chairman of Galaxy Entertainment Group Ltd., the biggest operator here in terms of market share, Bloomberg reports.“While Macau’s gambling industry has hit the bottom, it’s still too early to call it a recovery,” Lui, 87, said. “Give me two more years to see. It takes time to gradually attract more mass market customers. “Macau last month reversed a 26-month decline in gaming revenue with a 1.1 per cent increase to MOP18.8 billion (US$2.4 billion), according to the Gaming Inspection and Co-ordination Bureau.