Macau Slide Continues (update)

But analysts predict the worst may be over

As the Chinese Government's crackdown on corruption continues to have a significant effect on Macau's gambling industry, which peaked early last year at almost $5 billion but has since fallen to around half, analysts believe the worst may be over as operators realign their strategies to appeal to mass-market gamblers rather than big-money-spending high rollers.
As latest industry stats show a drop of 21.4 percent to 18.7 billion patacas in January 2016, a revenue drop for the 20th consecutive month, operators expect visitor numbers to boost during the upcoming week-long Lunar New Year holiday beginning .

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

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.
bryan@casinomeister.com

See More Posts