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 month in August. (Image: TripAdvisor.com)

Macau casino revenues might not be as dazzling as years ago, but the Chinese enclave is in no risk of losing its position because the globe’s gambling hub that is largest. In terms of pure revenues, nevada and other cities just can not compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables each day. But regarding what seemed like the endless development for the area, it appears that the party may be over.

For the 3rd right month, Macau’s gaming revenues fell for a basis that is year-over-year. For August, the drop was 6.1 percent in comparison to 2013, a tumble blamed on a campaign that is continued corruption that has hurt the flow of money from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That fall defintely won’t be making the gambling enterprises in Macau cry poor anytime quickly, though. They still earned 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted only a 2 per cent decrease in gambling revenues, making the size of the decrease something of a surprise at more than 3 times that number.

The casino market in Macau has traditionally relied heavily on VIP gamblers who might spend hundreds of thousands or even an incredible number of dollars in a visit that is single. That market is feeling the strain of a anti-corruption Читать далее