Macau casino revenue last month soared 59 per cent year on year to 12 billion patacas, the city's second biggest haul after a record-setting October that netted 12.6 billion patacas in casino winnings. SJM Holdings continued to lead the six licensed casino operators with a 32 per cent share of the market by revenue, according to preliminary figures leaked to Portuguese news agency Lusa that have historically proved accurate. Casinos in Macau have been on a hot streak since August, when monthly winnings began bouncing back sharply as government stimulus and rebounding economies helped boost disposable income levels across Greater China. After declining 12.4 per cent in the first half of the year, casino revenue in the first 11 months has now risen 6.5 per cent from a year ago to 107.66 billion patacas, according to official and preliminary data. Macau is easily on track to beat last year's record casino winnings of 108.77 billion patacas, and analysts now expect the market to show annual growth of 8 per cent to 10 per cent once the final numbers are in. 'Tourist arrivals are increasing and rising incomes are driving higher average bet spend in the mass market,' said Aaron Fischer, the head of Asian consumer and gaming research at CLSA Asia-Pacific Markets. 'But the biggest contributor is the increased liquidity in China and Hong Kong that is making its way into the Macau VIP segment.' Last month's tally is all the more impressive as it appears to have defied seasonality: November is usually a 'soft' month, falling between the holiday months of October (golden week) and December (Christmas). Shares in casino firms surged on the news, climbing 3 per cent to 6 per cent yesterday. Wynn Macau gained 6.2 per cent to close at HK$10.40 - above its October initial offering price of HK$10.08 for the first time in two weeks. Rival Sands China rose 6.7 per cent for its highest close since debuting on Monday, ending the day at HK$10.18 but still below its HK$10.38 offering price. Fuelled by surging VIP gaming volumes, Macau appears to have shaken off recent moves by Guangdong to limit travel by residents on individual visas to visiting the territory once every two months from October, down from once a month previously. While analysts said monthly casino revenue in the 12 billion patacas region should be sustainable, the recent headline-grabbing growth figures are partly because of comparisons against the Macau market's weakness during the second half of last year. 'The comparisons for gaming revenue have been expected to improve in the back half of this year; as in 2008, gaming trends were strong in the first half of the year before visa restrictions and the global economy impacted results in the second half,' Susquehanna International Group gaming analyst Robert LaFleur wrote in a research note.