Macau sees casino revenue slumping more next year
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.
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