Macau's casinos turned over a record US$1.5bn in August, their highest-ever monthly revenue and up more than 17 per cent on the same month last year.

Analysts hailed the second consecutive month of year-on-year revenue growth in the world’s largest casino market as the start of a recovery, following a 12.4 per cent decline in the first half.

The August figure was 17.8 per cent higher than the previous month and 33 per cent more than the average monthly revenue during the 12 months to July.