Macau gaming revenue dives 35.5% in August
Recent opening of new gambling resorts fails to rouse a return of mainland Chinese visitors
Hong Kong
MACAU's casino malaise deepened in August, with gaming revenue falling a 15th straight month as the recent opening of new gambling resorts failed to rouse a return of mainland Chinese visitors over the popular school holiday season.
Gross gaming revenue fell 35.5 per cent to 18.6 billion patacas (S$3.3 billion), widening from July's 34.5 per cent drop, data from Macau's Gaming Inspection and Coordination Bureau showed. That compared with the median estimate of a 37.8 per cent fall from seven analysts surveyed by Bloomberg.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO