A Chinese crackdown on corruption and a faltering mainland economy have had a devastating effect on the economy of Macau, with gross gaming revenue falling for the 25th straight month, an 8.5 percent decline in June to 15.9 billion Macanese patakas (US$2 billion) according to the Gaming Inspection and Coordinating Bureau.
Macau’s Downturn Deepens, Continues
Macau’s Downturn Deepens, Continues
Macau’s Downturn Deepens, Continues
A Chinese crackdown on corruption and a faltering mainland economy have had a devastating effect on the economy of Macau, with gross gaming revenue falling for the 25th straight month, an 8.5 percent decline in June to 15.9 billion Macanese patakas (US$2 billion) according to the Gaming Inspection and Coordinating Bureau.