Macau casinos’ gaming revenues were down for the 3rd consecutive thirty days 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 place as 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 in terms of what seemed like the endless growth for the area, it appears that the party could be over.
For the third straight month, Macau’s gaming revenues dropped on 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 campaign that is continued corruption that has hurt the movement of cash from mainland China.
Raw Figures Still Good, But Growth Has Stopped
That drop defintely 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 something of a surprise at more than 3 times that number.
The casino market in Macau has usually relied heavily on VIP gamblers whom might spend hundreds of thousands or even millions of dollars in a visit that is single. That market is feeling the strain of https://aussie-pokies.club/lightning-link-pokies-review/ a anti-corruption campaign from Chinese P Continue reading “Month Macau Casino Revenues Down for Third Straight”