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Macau Revenues Tumble Again, This Time Fall 38%

Macau's gambling revenues continued to tumble in April as the gambling enclave brought in 38% less gambling revenue than during the same period in 2014.

The numbers are some of the worst for the former Portuguese colony, which serves as the largest gambling market in the world, but industry analysts are predicting that the market has bottomed out and casinos will begin seeing their revenues climbing again.

The current drop off is being attributed to a Chinese crackdown on corruption, which has caused many of the country's VIP players to avoid visiting Macau.

Even with the drop off, Macau still has six times the revenue numbers of its closest rival Las Vegas, and brought in 19.167 billion Patacas ($2.40 billion) in revenue for the month.

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