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Macau Economy Slumps 26.4% as Anti-Graft Crackdown Deters Gamblers

  • China's anti-graft crackdown, slowing economy hurt casinos
  • City's surplus of $1.1 billion down by half from first quarter
A pedestrian walks past watches on display in a store window in Macau, on Aug. 29.

A pedestrian walks past watches on display in a store window in Macau, on Aug. 29.

Photographer: Jerome Favre/Bloomberg
Updated on

Macau’s economy dipped to its lowest since 2011 as high-end gamblers avoided the world’s largest casino market amid a widening crackdown on graft in China.

The city where gambling accounts for four-fifths of economic output saw GDP tumble 26.4 percent in the last quarter, according to government data released Monday. The drop worsened from 24.5 percent in the first quarter.