China curb on illicit money flows hurt Macau casino revenue
Hong Kong
MACAU'S casino revenue fell for the 18th straight month in November, as China's moves to curb illicit money flows from the mainland deterred the high-stakes players who rely on junket promoters for betting loans.
Gross gaming revenue fell 32.3 per cent to 16.4 billion patacas (US$2.9 billion), according to data released by Macau's Gaming Inspection and Coordination Bureau. That compared with the median estimate of a 31.5 per cent decline from six analysts surveyed by Bloomberg. Gaming revenue in the world's largest centre of gambling has fallen 35.3 per cent so far this year.
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