China curb on illicit money flows hurt Macau casino revenue
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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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