Macau casinos’ gaming revenues were down for the third month that is consecutive 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 position since the globe’s gambling hub that is largest. Every day in terms of pure revenues, Las Vegas and other cities simply can’t compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables. But when it comes to what seemed like the growth that is endless the area, it seems that the party might be over.
For the 3rd right month, Macau’s video gaming revenues fell for a year-over-year basis. For August, the drop ended up being 6.1 percent in comparison to 2013, a tumble blamed on a campaign that is continued corruption that has hurt the movement of cash from mainland Asia.
Natural Numbers Still Good, But Growth Has Stopped
That drop won’t be making the casinos in Macau cry poor anytime quickly, though. They still introduced 28.9 billion patacas ($3.6 billion) the month. But analysts had predicted only a 2 per cent decrease in gambling profits, making the size of the decrease one thing of a surprise at more than 3 x 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 solitary visit. That market is feeling the strain of a anti-corruption campa Read More