Macau Gambling Revenue Drops For Sixth Consecutive Month

Analyst's predictions of a continued slump confirmed

Macau gaming statistics for November have confirmed analysts' fears that for the sixth consecutive month the island gambling haven has delivered declining revenues.

Numbers from the Macau Gaming Inspection and Coordination Bureau show a decline of 19.6 percent in revenues compared to the same period a year ago as China's pervasive war on corruption and slowing economic growth suppress punters' appetite for gambling.

Gambling revenue from Macau's 35 casinos fell to 24.3 billion patacas ($3.04 billion) in November, down from 33.5 billion patacas in 2013, and around the middle of the range expected by analysts, the Reuters news agency reports.

The decline is the worst suffered by Macau since 2008-2009, when the global credit crunch saw revenues plunging for seven months running.

November's decline was less that that experienced in October this year, when the gambling sector took its biggest hit ever with revenue dropping 23 percent compared to October 2013, admittedly a particularly good month back then.

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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