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Macau Revenues Down for 15th Month in a Row

The Macau Gaming Inspection and Coordination Bureau revealed Macau's August 2015 gaming revenues today, revealing that the betting destination's revenues fell by 35.5% compared to the same period last year.

The drop is the 15th straight decline for Macau, which brought in 18.6 billion patacas for the month ($2.3 billion USD), exceeding the 34.5% drop that Macau faced in July. Even though the results appear dismal, they actually were better than analyst predictions, who thought revenues would drop somewhere in the neighborhood of 36-38%.

As a result of the sagging revenues, Macau's GDP has reached its lowest levels since 2011. Still, the betting destination is easily the largest gaming destination in the world, handily beating the revenues brought in from its nearest competitor, Las Vegas.

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