Anti-corruption campaign hits Macau revenue
CASINO revenue in Macau fell for a second straight month in July as Chinese high rollers stayed away because of corruption crackdown.
Official data released yesterday show that revenue fell 3.6 percent to 28.4 billion patacas (US$3.6 billion) last month compared with a year earlier.
The decline comes after revenue fell in June for the first time since the end of the global financial crisis five years ago. The city on the southern Chinese coast near Hong Kong raked in US$45 billion in casino revenue last year, seven times more than the Las Vegas Strip.
Wealthy Chinese have powered Macau’s boom but analysts say some are avoiding the city as the ongoing corruption clampdown discourages lavish spending.
Revenue from private high-stakes, or VIP, baccarat tables likely fell by a fifth, said Grant Govertsen, analyst at Union Gaming Research. “The anti-corruption crackdown seems to be accelerating,” Govertsen said in a research report.
That is likely to result in continued pressure on VIP gamblers, he said.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.