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Macau sees casino revenue slumping more next year

Published Wed, Nov 18, 2015 · 09:50 PM
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Hong Kong

MACAU's chief executive forecasts casino revenue to come in at 200 billion patacas (S$36 billion) in 2016, almost half the takings in the world's largest gambling hub last year and a further decline from what analysts estimate for the whole of 2015.

"We try to be conservative and maintain stability," chief executive Fernando Chui said at a press conference in Macau on Tuesday, after announcing his policy proposals to the city's legislators for next year.

Macau's casino industry is going through its worst downturn on record as gross gaming revenue fell in October for the 17th straight month amid China's slowing economy and crackdown on corruption, which deterred high-stakes VI…

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