Unbelievably, gambling revenues in Macau have dropped for a 26th consecutive month. Yes, you read that right, gaming figures have dropped for over two years straight.Macau finds itself in a tough place since almost all of their earnings come from the taxes generated by gaming revenue. Macau continues to suffer as gambling revenue drops in… Gambling revenue in July totalled 18.6 billion patacas (€2.1 billion/$2.3 billion), which is down significantly on the amount achieved in the correspondingJuly and June’s losses came after Macau’s revenue fell by 37% on a year-on-year basis, with the resort also suffering a drop of 38.8% in April. Macau’s Casino Revenue Continue To Decline Significantly
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Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached … Macau's April Casino Revenue Posts Worst Drop in Nearly ... HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a ... Macau Casino Revenues Expected to Continue to Decline ... The trend of decline revenues for Macau's casinos is expected to continue. Gaming in Macau is declining, with industry experts warning things are likely to get worse in the coming years. The main ... Macau casino free fall sees record revenue drop - Business ... Macau casino revenue plunged a record 49 percent year-on-year in February. ... The previous highest year-on-year drop was 30.4 percent in December, and an overall fall of 2.6 percent in 2014 was ...
Macau is highly reliant on gambling revenues, with taxes from its casinos making up more than 80% of the government’s overall revenue. Macau's casinos finished 2018 with MOP302.85bn in gross revenue, a 14% increase, with December figures showing 17% growth to MOP26.5bn.
MGM Resorts : Macau Gambling Revenue Continues to Drop As gambling revenue plummeted for the 12th straight month in the world's biggest casino market, Macau's leader had a message for his people: Chill out. "Stay calm and peaceful to observe trends with wisdom" was the title of an inaugural column by the city's Chief Executive Fernando Chui. In an Macau Gambling Revenue Continues to Drop - WSJ Jun 01, 2015 · Macau Gambling Revenue Continues to Drop. A little over a year ago, in February 2014, gambling revenue rose 40%. Now it is regularly falling by around that much. Macau gambling revenue slump continues, drops for a 26th Aug 01, 2016 · Macau gambling revenue slump continues, drops for a 26th month in July. But revenues have plunged with China clamping down on corruption, targeting conspicuous spending by public officials. Slowing economic growth on the mainland - home to the majority of customers - has also hurt business. Revenue has since hit five-year lows.
Macau casinos set for drops in gaming revenue, bad debts, and a hit to mass-market gambling, analysts from Morgan Stanley have reported.
MGM Resorts : Macau Gambling Revenue Continues to Drop As gambling revenue plummeted for the 12th straight month in the world's biggest casino market, Macau's leader had a message for his people: Chill out. "Stay calm and peaceful to observe trends with wisdom" was the title of an inaugural column by the city's Chief Executive Fernando Chui. In an ... Macau Gambling Revenue Continues to Drop - WSJ Macau Gambling Revenue Continues to Drop. A little over a year ago, in February 2014, gambling revenue rose 40%. Now it is regularly falling by around that much. Macau Casino Revenue Drop Doesn't Mean Sky Is Falling
Inside Gaming: Macau Gambling Continues to Rise... |…
Macau gaming revenues continue to drop: down 21.4pct in
Macau gambling revenue continues to plummet As gambling revenue plummeted for the 12th straight month in the world’s biggest casino market, Macau’s leader had a message for his people: Chill out. “Stay calm and peaceful to observe ... Casino stocks drop as Macau slump continues - USA Online ... The casino-dense region of Macau experienced a drop in stock value as recent numbers fail to meet expectations from earlier in the year, causing difficulty for investors. Nicknamed the “Las Vegas of Asia”, Macau remains the world’s largest gambling hub, surpassing Sin City’s annual gaming revenue nearly ten-fold. Macau Gaming Revenue Rises 8% in December - Bloomberg