Macau casinos’ gaming revenues were down for the 3rd consecutive month in August. (Image: TripAdvisor.com)
Macau casino revenues might not be as dazzling as in years past, but the Chinese enclave is in no risk of losing its position once the world’s gambling hub that is largest. In terms of pure revenues, nevada along with other metropolitan areas simply can not compete with the tremendous levels of money that are thrown around at Macau’s baccarat tables each day. But with regards to what seemed like the growth that is endless the area, it appears that the party could be over.
For the third right month, Macau’s gaming revenues fell on a basis that is year-over-year. 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 movement of cash from mainland China.
Raw Numbers Still Good, But Growth Has Stopped
That fall defintely won’t be making the gambling enterprises in Macau cry poor anytime quickly, though. They still earned 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted just a 2 % decrease in gambling profits, making the size of the decrease something of a surprise at significantly more than 3 x that number.
The casino market in Macau has typically relied heavily on VIP gamblers who might spend hundreds of thousands or even millions of dollars in a single see. That market is feeling the strain of a anti-corr