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 danger of losing its place because the globe’s largest gambling hub. In terms of pure revenues, nevada and other cities simply can not compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables each day. But in terms of what seemed like the growth that is endless the area, it seems that the party might be over.

For the third 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 cash from mainland Asia.

Raw Figures Still Good, But Growth Has Stopped

That drop 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 a lot more than 3 x that number.

The casino market in Macau has usually 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 an anti-corruption campaign fr Læs resten