Macau gaming revenue falls

Macau’s gross gaming revenues are back in negative territory, thanks to slowing demand at the high end. The July tally came in at MOP$24.5 billion, down 3.5% YoY, surprising many analysts. This followed positive growth in May and June, which had led to expectations rising of the industry getting back on a positive upward trend.

We are not surprised. Since a Xinhua affiliate published a report recently on offshore online-gambling websites run by some of Macau’s biggest junkets – a report they deny – a drop in VIP play was inevitable. The central government’s Ministry of Public Security has made very clear they regard these online-gaming operations as a threat to national security. 

Read more on ggrasia.com.

Tell us what you think