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Macau Casino Revenues Down for Third Straight Month

Macau Casino Revenues Down for Third Straight Month

Macau casinos’ gaming revenues were down for the third consecutive thirty days in August. (Image: TripAdvisor.com)

Macau casino revenues might not be as dazzling as years back, but the Chinese enclave is in no risk of losing its position while the globe’s gambling hub that is largest. In terms of pure revenues, Las Vegas along with other metropolitan areas just can’t compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables every single day. But regarding what seemed like the growth that is endless the area, it seems that the party may be over.

For the third straight month, Macau’s video gaming revenues dropped for a basis that is year-over-year. For August, the drop was 6.1 percent when put next to 2013, a tumble blamed on a continued campaign against corruption that has hurt the flow of money from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That fall won’t be making the casinos in Macau cry poor anytime quickly, though. They still brought in 28.9 billion patacas ($3.6 billion) the month. But analysts had predicted only a 2 % decrease in gambling profits, making the size of the decrease something of a surprise at a lot more than 3 x that number.

The casino market in Macau has usually relied heavily on VIP gamblers whom might spend hundreds of thousands or even an incredible number of dollars in a solitary see. That market is feeling the strain of a anti-corruption ادامه مطلب