Pursuits
Macau’s Casino Revenue Slumps to Lowest Level in Over Four Years
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Macau casino revenue fell to the lowest in more than four years amid China’s slowing economy and a graft crackdown that deterred high rollers. A surprise easing of Chinese travel restrictions to the city may bring some relief.
Gross gaming revenue in June fell 36.2 percent to 17.4 billion patacas ($2.2 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau. That beat the median estimate of a 38.3 percent drop from six analysts surveyed by Bloomberg. The government this week said June revenue is expected at between 16 billion to 16.5 billion patacas.