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Macau Revenues Still Growing, But At A Slower Rate

Gambling revenues in Macau were up again in May, but the numbers show the lowest rate of growth for the world's largest gaming market since July of 2009.

Total revenues recorded for the month were 26.08 patacas ($3.3 billion USD), which is the second highest number ever recorded but significantly lower than the 70-90% jumps in growth that Macau saw in 2010. Total revenues for the month of April were up 22% over the same period last year.

Analysts are claiming that the slowdown in growth is due to an economic slowdown in China's overall economy, which has caused a drop in discretionary spending amongst the Chinese.

Although growth may be slowing, Macau's gambling market is expected to remain strong due to the China's growing middle class.

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