Macau Casinos Slump Eases a Fifth Month as Visa Rules Abate
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The downward spiral of Macau’s casino industry is abating, albeit slightly, as a revenue slump eased a fifth straight month in July, the same month the city relaxed rules for Chinese citizens entering the gambling hub.
Gross gaming revenue fell 34.5 percent to 18.6 billion patacas ($2.3 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau, in line with the median estimate of seven analysts surveyed by Bloomberg.