The casino-dense region of Macau experienced a drop in stock value as recent numbers fail to meet expectations from earlier in the year, causing difficulty for investors. Nicknamed the “Las Vegas of Asia”, Macau remains the world’s largest gambling hub, surpassing Sin City’s annual gaming revenue nearly ten-fold. Macau Gaming Revenue Rises 8% in December - Bloomberg For the full year, casino revenue fell 3.3 percent to 223.2 billion patacas, easing from the 34.3 percent drop recorded in 2015. Analysts surveyed by Bloomberg expect a 7 percent increase in ... Macau Gaming Revenues Drop at Fastest Rate for Three Years
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The economy of Macau has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy ... With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 ... Commentaries - Page 1 - CDC Gaming Reports Trumpet master continues to hit the high notes in Las Vegas. By John L. Smith, CDC ...... Macau casino revenue drop doesn't mean sky is falling. By Muhammad ... Gaming | Macau casino stock meltdown continues - Macau Daily Times Sep 13, 2018 ... Gaming | Macau casino stock meltdown continues ... The consensus view is that gross gaming revenue next year could ... Macau casinos drop as analyst says gaming fell 19pct last weekSeptember 24, 2015In “Business”. Macau casino revenue falls for the third straight month, why? Sep 5, 2014 ... In June the Macau casino suffered the first year on year revenue decrease in five years. The new trend has continued in July and August, and ...
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Macau’s Big Losses Could Mean Big Gains For Other Gambling… The Chinese government’s recent crackdown on corruption in Macau, the world’s largest gambling destination, has led to a precipitous drop in VIP gaming revenue in the region. Gambler's Paradise Macau: Uncertain Times Ahead - Downturn in… After announcing a huge dip in revenue, the future of Macau is suddenly uncertain. How did this happen? Read the full analysis and expert opinions here! Free-falling Macau Searches for Answers | Online Casino Reports A somewhat draconian government policy has eliminated Macau's traditional VIP junket revenue stream. Macau Casinos In For More Stormy Weather, Analysts Say - Casino…
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Macau Gambling Revenues Continue Sharp Decline Macau was supposed to be recovering from its casino struggles by now, with the Chinese territory now well over a year into declines brought on by an anti-corruption drive in Beijing and other factors. But there seems to be no change in store for the gambling hub anytime soon, as gross gaming revenue... Macau gambling revenue up for 4th month, new resorts attract… Gross gaming revenue for Macau casinos is expected to be flat to up 10 percent next year, versus an estimated 3-6 percent drop this year and aThe government will, however, continue to increase regulations on the operation of VIP rooms and promote responsible gaming, Chui has said at the time. Gambling revenue up 17 pct in Macau - Focus Gaming News
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Macau Gambling Revenue Continues to Drop - WSJ As gambling revenue plummeted for the 12th straight month in the world’s biggest casino market, Macau’s leader had a message for his people: Chill out. “Stay calm and peaceful to observe trends with wisdom” was the title of an inaugural column published online by the city’s Chief Executive Fernando... Macau gambling revenue slump continues, drops for... |… HONG KONG, Aug 1 (Reuters) - 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 anti-corruption campaign by Beijing. Gambling revenue in the...
Macau Drives US Casino Results Down | Gambling News Macau has put a dent on the financial results of US casinos. Resorts World Sentosa | AGB - Asia Gaming Brief Singapore’s two operators are seeking to add more non-gaming attractions to boost growth as income from their casinos continues to drag, with results released this week showing an unexpected drop in mass revenue at Marina Bay Sands. Ben Lee | AGB - Asia Gaming Brief With extensive gaming experience all over Asia and Australia, Ben has spent the last eight years covering and uncovering new gaming projects around the Asia Pacific region.