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: Macau casino revenues may well not be as dazzling as years ago, but the Chinese enclave is in no risk of losing its position because the world’s largest gambling hub. 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 with regards to what seemed like the endless growth for the area, it appears that the party may be over. For the 3rd straight month, Macau’s gaming revenues fell for a year-over-year basis. 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 movement of money from mainland China. Natural Figures Still Good, But Growth Has Stopped That drop defintely won’t be making the gambling enterprises in Macau cry poor anytime quickly, however. 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 profits, making the size of the decrease something of a surprise at significantly more than three 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 bucks in a solitary check out. That market is feeling the […]