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Macau's May casino revenue falls more than analysts' estimates

Thursday, June 2, 2016 - 05:50

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Macau is trying to diversify and reduce its reliance on gambling, a US$30 billion industry that is the source of about 80 per cent of its tax revenue.

Hong Kong

MACAU's gaming revenue dropped more than analysts' estimates in May, as tighter rules affecting gamblers increased the challenges for the city's casinos including those owned by Galaxy Entertainment Group Ltd and Wynn Resorts Ltd.

Gross gaming revenue fell 9.6 per cent to

sentifi.com

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