The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Macau casinos jump on report of possible support from China

Liaison office head says govt studying how to boost the city's tourism and other measures

Published Fri, Oct 2, 2015 · 09:50 PM
Share this article.

Hong Kong

MACAU casino operators spiked after monthly gaming revenue in the world's largest gambling hub fell in line with forecasts, and on speculation that China may move to support the city's economy.

Gross gaming revenue fell by a third in September, a 16th straight month of decline. China is studying supportive measures for Macau to revive the city's economy, the Macao Daily newspaper reported on its website on Friday, citing Li Gang, director of the Chinese government's local liaison office.

The city's casino-dependent economy has been suffering from a slowdown in China and an anti-corruption campaign, which has led to a slump in the gaming industry since mid-2014. The gambling downturn has dragged Macau's economy to its weakest since 2011 as Chinese VIP gamblers continued to avoid the city amid the graft crackdown.…

KEYWORDS IN THIS ARTICLE

Gaming

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here