Monday, August 31, 2015

Macau's gambling revenue tumbles 35.5% in August

Macau's gambling revenue tumbles 35.5% in August 

macau1.jpg
Gambling revenue in Macau plunged 35.5 per cent in August from a year earlier, sliding for fifteen months in row. 
PHOTO: REUTERS
[HONG KONG] Gambling revenue in Macau plunged 35.5 per cent in August from a year earlier, sliding for fifteen months in row as China's slowing economic growth exacerbated a slump caused by a broader crackdown on conspicuous spending.
Casino revenues in the world's biggest gambling hub dropped to 18.6 billion patacas (S$3.24 billion) a year earlier, matching the 18.6 billion patacas in June, according to data released by the Macau government on Tuesday.
Analysts had forecast a decline of around 36-38 per cent.
REUTERS
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