Gambling Revenues Down Again In Macau

At 35.5 percent down, August records a decline for the fifteenth month running

Gambling statistics for August 2015 released by the Macau Gaming Inspection and Coordination Bureau Tuesday show that for the fifteenth consecutive month revenues fell … this time by 35.5 percent year-on-year as the regional crackdown on corruption and a pronounced economic slowdown continued.
The number of visitors from China slumped by 6.1 percent in July.
Reuters reports that land casino revenues in the world's biggest gambling hub dropped to 18.6 billion patacas ($2.3 billion), widening from July's 34.5 percent plunge, but still short of the more pessimistic analyst predictions of 36 to 38 percent.
The expected boost from new casino projects like Galaxy Entertainment Group Ltd.'s two entertainment complexes did not materialise.
Bloomberg business news reports that the decline in gambling has dragged Macau's GDP to its lowest levels since 2011.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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