Macau's baccarat revenues has drastically dropped in the second quarter of this year, dropping 42.2% from the same period last year.
In the second quarter the game brought in 31.57 billion patacas, dropping from 44.89 billion patacas during the same period last year. Of that total, 55.5% of revenues came from VIP players, which is down from 58.2% last year.
The drop in revenues is the largest since 2005, and analysts predict that the drops could become even sharper if Macau passes a smoking ban in private betting rooms. The current woes of Macau are being blamed on economic woes as well as a crackdown on corruption by Chinese officials.
Casino Listings will update this story as more developments arise.