Macau's casino revenue fell for the 17th straight month, albeit at the slowest pace since January, as increased visits over China's National Day holiday week failed to boost traffic at betting ... Macau Casino Revenue Drop Doesn't Mean Sky Is Falling Macau casino revenue fell in January, the first year on year decrease since July 2016. The 5% decline to US$3.1 billion doesn’t mean Macau has begun a replay of the 2014-2016 slump that cratered ... Macau gambling revenue slump continues, drops for a 26th ... Macau posted a drop in gambling revenue in July, stretching declines for a 26th consecutive month, as wealthy gamblers continued to steer clear of the world's biggest casino hub amid a protracted ...
Macau casino revenue continues to drop despite - afr.com
Macau's gaming revenue to drop at slower pace in 2016 H2 ... Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached … Macau's April Casino Revenue Posts Worst Drop in Nearly ... HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a ... Macau Casino Revenues Expected to Continue to Decline ...
Similarly, state tax revenue from greyhound racing continues to drop. Between 2001 and 2014, state dog race revenue declined by more than 82%, and by the end of this period represented only $13 million nationwide.
Macau Casinos April Revenues Drop 9.5 Percent for 23rd Red ... Macau casinos have now seen their revenues drop for the 23rd straight month, as the special administrative region in China continues to struggle to find ways to offset disappearing income from VIP ... Macau gaming revenues continue to drop: down 21.4pct in ... Gaming revenues were down 21.4 per cent in January from a year earlier to MOP18.674 billion (USD2.33bn), Gaming Inspection and Coordination Bureau reported today (Monday) on its website. The ... Macau's April casino revenue posts worst drop in nearly ... HONG KONG, May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers ...
Casino stocks drop on disappointing Macau revenue
Macau Gambling Revenue Continues to Drop. A little over a year ago, in February 2014, gambling revenue rose 40%. Now it is regularly falling by around that much. Macau Casino Revenue Drop Doesn't Mean Sky Is Falling Macau casino revenue fell in January, the first year on year decrease since July 2016. Macau gambling revenue slump continues, drops for a 26th ... Macau gambling revenue slump continues, drops for a 26th month in July. But revenues have plunged with China clamping down on corruption, targeting conspicuous spending by public officials. Slowing economic growth on the mainland - home to the majority of customers - has also hurt business. Revenue has since hit five-year lows. Macau casino revenue continues to drop despite ... - afr.com
HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a ...
Jan 1, 2016 ... The Macau gaming market fell to a five-year low in 2015, with casino revenue slowed by the sinking Chinese economy and government reform ... Why Macau's gambling revenue per visitor increased - Market Realist Mar 5, 2015 ... Macau's average gaming revenue per visitor is ~$1200–$1800, roughly ... to the fall in the number of visitor arrivals to Macau in January 2015, ...
The shift in Macau’s gambling market from VIP to mass-market gamblers continued in December 2015 according to a note from Hong Kong-based brokerage firm Sanford C. Bernstein Ltd.. Citing unofficial industry returns, the note released by them stated that in December, the gross gaming revenue (GGR) generated by mass market gamblers contributed approximately 52 percent to Macau’s overall GGR. Macau casinos see biggest drop in five years in monthly ... Revenue at Macau's casinos in September fell 11.7 per cent from a year ago, the most in five years. The downward trend is likely to continue this month as the government rolls out stricter ... Fitch: Gaming revenues continue to slump in 2016 | Macau ... Rating firm Fitch expects the city’s gaming industry to continue its downward spiral next year, saying gaming revenues may post their third consecutive annual drop due to ‘the tough first-half of 2015 comparison’. ‘Fitch Ratings projects Macau’s gaming revenues to decline by 34 per cent to ...