Macau Casino Revenue Has Record 49% Slump on Weak Demand
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Macau gaming revenue almost halved in February as a crackdown on corruption in China kept high-stakes gamblers away during the peak Lunar New Year holiday period.
Gross gaming revenue in the world’s biggest gambling hub fell 49 percent to 19.5 billion patacas ($2.4 billion) last month, Macau’s Gaming Inspection and Coordination Bureau said. This compares with the median estimate for a 54 percent decline according to eight analysts surveyed by Bloomberg News.