Corruption crackdown deters Macau gamblers
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
MACAU gaming revenue almost halved in February as a crackdown on corruption in China kept high-stakes gamblers away during the peak Chinese New Year holiday period.
Gross gaming revenue in the world's biggest gambling hub fell 49 per cent to 19.5 billion patacas (S$3.33 billion) last month, Macau's Gaming Inspection and Coordination Bureau said. This compares with the median estimate for a 54 per cent decline according to eight analysts surveyed by Bloomberg News.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
