Macau's Economy Shrinks 20% in 2015 Amid Casino Gaming Slump ... Mar 3, 2016 ... Macau's economic output contracted 20.3 percent in 2015 as the ... revenue and fewer visitors amid China's anti-corruption campaign and slowing economy. ... Gambling hurt by China's anti-graft campaign, slowing economy. Why China's anti-corruption campaign hurts Macau - Market Realist Oct 7, 2014 ... Why China's anti-corruption campaign hurts Macau ... The crackdown on corrupt officials and tycoons hit revenues at Macau's high-rolling VIP lounges. ... Xi Jinping is trying to fix a culture that's known for bribery and graft. ... American-based casino operators in Macau—like Las Vegas Sands (LVS), MGM ...
Gambling revenue in the world's biggest gaming hub Macau recorded their steepest drop in more than five years in September as China's campaign"The crackdown, transit visa restrictions and other factors have hit revenues and we don't expect this situation to get better anytime soon," said a...
Macau Sept gambling revenues fall by most in 5 yrs on ... MACAU, Oct 6 (Reuters) - Gambling revenue in the world's biggest gaming hub Macau recorded their steepest drop in more than five years in September as China's campaign against corruption and a slowing economy kept big-spending customers away. Revenues of Macau's 35 casinos fell 11.7 percent to 25.6 ... Macau VIP rising as mainland graft probes decline: chart Macau VIP rising as mainland graft probes decline: chart Apr 28, 2017 Newsdesk Latest News , Macau , Top of the deck Macau’s more than two-year recent slump in casino gross gaming revenue (GGR) has often been linked by industry commentators to China’s anti-corruption campaign. Macau's gambling revenue hit with first annual fall - BBC News Gambling revenue in Macau, the world's biggest gaming hub, has fallen for the first time on an annual basis since its casinos were liberalised in 2001. Revenue fell 2.6% in 2014 to $44.1bn (£28bn ... Macau’s Gaming Industry Records First Annual Decline in 15 ...
Why China's anti-corruption campaign hurts Macau - Market Realist
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Anti-corruption campaign Phase II likely to hit Macau
Macau VIP rising as mainland graft probes decline: chart Macau VIP rising as mainland graft probes decline: chart Apr 28, 2017 Newsdesk Latest News , Macau , Top of the deck Macau’s more than two-year recent slump in casino gross gaming revenue (GGR) has often been linked by industry commentators to China’s anti-corruption campaign. Macau gambling revenue up for 4th month - China Daily However, VIP clients - seen as high-rollers - continued to stay away amid Beijing's campaign against graft and shows of wealth by public officials. The world's biggest casino hub of Macau posted a 14.4 percent rise in gambling revenue in Nov, a 4th month of growth after more than two years of decline Macau GDP Slumps as Casino Revenues Plunge on Graft Crackdown (Bloomberg) — Macau’s economic output tumbled 24.5 percent in the first quarter, local media Teledifusão de Macau reported, as a widening graft crackdown and slowing economy in mainland China keeps high rollers away from its casinos. The fall in GDP from a year earlier, if confirmed by the statistics agency, would be the deepest on record for the former Portugal colony since quarterly ... Macau casino revenues beat expectations, hit 10-month ...
Macau's gambling revenue growth best in 20 months | Macau News
Macau casino revenues beat expectations, hit 10-month ... Revenues in the world's biggest casino hub of Macau jumped 24 percent in May, beating expectations and posting a 10-month winning streak as wealthy gamblers returned to the southern Chinese ... Wynn Macau posts HK$1.6bn interim profit as city’s gaming ... Wynn Macau posts HK$1.6bn interim profit as city’s gaming revenue rebounds. ... boosted by stronger casino revenues from mainland Chinese tourists. ... With the ongoing anti-graft campaign of ... Macau audits more junkets amid widespread scrutiny of ...
Macau is the world's largest gaming centre and the only place in China where casinos are allowed. Its gaming revenues have been hurt by a slowdown in Chinese spending. China's campaign against corruption and luxury spending began in late 2012 and has left officials and businesspeople from the mainland more wary of gaming and spending in Macau. Macau's leader says will seek new ways to grow economy 2014-12-19 · diversify Macau's casino-dependent economy, which has been hit. by the most aggressive anti-graft campaign in China in decades. Xi, in Macau to celebrate the 15th anniversary of the. handover of the former Portuguese colony to Chinese rule, said. the world's largest gambling centre "still faces difficulties. and challenges that must be properly