Macau Revenues Drop 32.3% in November

Last month Macau saw a drastic drop in gaming revenues, as the destination's casinos saw a 32.3% drop in revenues when compared to the same period last year.

The Macau Gaming Inspection and Coordination Bureau revealed that the former Portuguese colony brought in MOP 16.43 billion ($2.06 billion USD), which is 32.3% lower than November of 2014. The drop in revenues is being attributed to very weak VIP gaming and the decline is the 18th consecutive drop in revenue for Macau. Still, the drop in revenues is in line with what industry analysts expected, as some speculated drops could have hit up to 34%.

With the continued drop in numbers it is being speculated that Macau's casinos will need to shift focus from the lucrative VIP high rollers toward a more generalized gaming public.

For the year thus far, revenues in Macau casinos are down 35.3% to MOP 212.5 billion.

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