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Macau Revenues Suffer Again in December

Macau's Gaming Inspection and Coordination Bureau has reported their December 2014 revenues, noting that income for the month was down 2.6% from the same period last year.

For the month Macau brought in revenues of 351.5 billion Patacas ($44.1 billion USD), marking the seventh straight decline in revenues for the world's largest gambling market. Even with the lower numbers, Macau still has revenues almost seven times the size of Las Vegas, the world's second largest gambling market.

For the year revenues were down 30.4%, with casinos losing $58 billion in valuation over the last six months. The hard economic conditions are being attributed to an economic slowdown in China coupled with a crackdown on corruption at the highest levels of China's government.