Macau June Revenues Lowest Since 2010

Macau's Gaming Inspection and Coordination Bureau has released their June 2015 gaming revenue report, noting that the gaming destination's gaming haul was the lowest since November 2010.

Gross Gaming Revenue for the month was down 36.2% from the same period last year, bringing in 17.4 billion patacas during that period ($2.2 billion). The drop in revenue marks the 13th straight month of decline, which has been brought on by a slowing Chinese economy and a crackdown on corruption.

There may be a rainbow in the clouds though, as China is set to relax travel restrictions on the former Portuguese colony, which may bring in extra visitors in the middle class. The relaxed restrictions will allow Chinese punters the chance to stay in Macau for up to a week (up from 5 days), with punters able to re-enter after 30 days rather than the typical 60 days.

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