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Month Macau Casino Revenues Down for Third Straight

Month Macau Casino Revenues Down for Third Straight

Macau casinos’ gaming revenues were down for the third consecutive month in August. (Image:

Macau casino revenues might not be as dazzling as years ago, but the Chinese enclave is in no danger of losing its place as 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 when it comes to what seemed like the endless growth for the area, it seems that the party might be over.

For the 3rd straight month, Macau’s video gaming revenues dropped on a year-over-year basis. For August, the drop was 6.1 percent when compared to 2013, a tumble blamed on a continued campaign against corruption that has hurt the flow of cash from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That fall won’t be making the gambling enterprises in Macau cry poor anytime quickly, though. They still introduced 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted only a 2 percent decrease in gambling profits, making the size of the decrease something of a surprise at a lot more than three 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 an anti-corruption campaign from Chines Continue reading