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Macau Growth Slows Down

The world's largest gambling market continued to grow in June, albeit at a slower rate than in the months prior as Macau posted a 12% rise in revenue.

Macau's Gaming Inspection and Coordination Bureau reported that the island gambling hotspot generated revenues of 23.3 billion patacas ($2.9 billion USD), which was up 12.2% over the same period last year. The numbers were less than the expected 15% increase that analysts had projected.

Industry insiders have indicated that they believe Macau will continue to expand, although the drastic increases in revenue have been projected to slow as the Chinese economy begins to slow down.

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