Skip to content
Subscriber Only

Macau's Third-Quarter Economy Sinks 24% Compared to a Year Ago

  • Fifth straight quarterly decline, easing from 26.4% drop in 2Q
  • Gaming services plunged 37% in 3Q, tourism services fell 15%
Views of Casinos As Macau Releases GDP Figures
Jerome Favre/Bloomberg
Updated on

Macau’s economy contracted a fifth straight quarter as the world’s largest center of gambling was pummeled by an economic slowdown in China and the government’s attack on corruption which scared off high-rollers.

The Chinese city, which relies on gamblers for about two-thirds of economic output, saw GDP tumble 24.2 percent in the three months through September, easing from the 26.4 percent drop in the second quarter, government data released Monday showed.