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Macau Gaming Revenues Down Sharply in First Five Months

This week the Macau Financial Services Bureau reported that the destination's gaming tax revenues fell 14.1% during the first five months of this year to 33 billion MOP ($4.1 billion USD).

The decline in revenue comes as Macau has seen two years of constant declines in terms of gaming revenue, due to a crackdown on corruption and extravagance by Chinese officials. This has led to lower VIP players coming in, which has generated less revenues. To compensate for these losses, Macau is trying to diversify its gaming business by shifting toward more casual players.

The newest set of financial results for June will be released in early July, and we will have those results posted as soon as possible.

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bgsharpe
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24 June 2016 - 10:28pm
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It's a serious drop down in revenues and I think it would be tough for them to return the revenues back to the highest rates when we see the general decline in revenues in the land based casino business all over the world.

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