Macau’s gaming revenue dropped more than analysts’ estimates in May, as tighter rules affecting gamblers increased the challenges for the city’s casinos including those owned by Galaxy Entertainment Group Ltd. and Wynn Resorts Ltd. Gaming stocks extended losses in Hong Kong.
Gross gaming receipts fell 9.6 percent to 18.4 billion patacas ($2.3 billion), completing a two-year decline, according to data from Macau’s Gaming Inspection and Coordination Bureau. That followed a 9.5 percent decrease in April and compares with the median estimate of an 8 percent drop by analysts surveyed by Bloomberg.
