Macau casinos hit worst streak ever as graft fight intensifies
Total gross gaming revenue in world's biggest gambling hub falls 17.4% to 23.7b patacas last month
Singapore
MACAU'S casino revenue slumped an eighth straight month in January for the longest losing streak on record, and there are growing expectations the pain will persist another year as China's clampdown on graft intensifies.
Total gross gaming revenue in the world's biggest gambling hub fell 17.4 per cent to 23.7 billion patacas (S$4 billion) last month, Macau's Gaming Inspection and Coordination Bureau said on Monday. This compared with the median estimate of a 17 per cent decline from seven analysts surveyed by Bloomberg News.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue