
Macau casinos’ gaming revenues were down for the third consecutive month in August. (Image: TripAdvisor.com)
Macau casino revenues may well not be as dazzling as in years past, but the Chinese enclave is in no danger of losing its position because the globe’s largest gambling hub. In terms of pure revenues, Las Vegas along with other cities simply can’t compete with the tremendous levels of money that are thrown around at Macau’s baccarat tables every day. But when it comes to what seemed like the growth that is endless the area, it appears that the party may be over.
For the 3rd right month, Macau’s gaming revenues dropped on a basis that is year-over-year. For August, the drop ended up being 6.1 percent when put next to 2013, a tumble blamed on a continued campaign against corruption that has hurt the flow 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 earned 28.9 billion patacas ($3.6 billion) the month. But analysts had predicted just a 2 percent decrease in gambling revenues, making the size of the decrease something of a surprise at significantly more than 3 x that number.
The casino market lightning link slot machine online in Macau has typically relied heavily on VIP gamblers whom might spend hundreds of thousands or even millions of bucks in a visit that is single. That market is feeling the strain of a anti-corrupti [Read more...]