Macau gambling revenue falls 17.4% in January
[HONG KONG] Gambling revenue in the world's biggest gambling hub fell 17.4 per cent year-on-year in January, marking the eighth consecutive monthly decline as wealthy high roller VIP gamblers were spooked by China's corruption crackdown.
January's revenue dropped to 23.7 billion patacas (S$4 billion), according to figures from the Macau gaming and inspection bureau. That compared to a 30.4 per cent plunge in December.
The southern Chinese territory of Macau, a special administrative region like neighbouring Hong Kong, is the only place in China where casino gambling is legal.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself