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

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 18.4 billion patacas (S$3.2 billion), completing a two-year decline, according to data from Macau's Gaming Inspection and Coordination Bureau. That followed a 9.5 per cent decrease in April and compares with the median estimate of an 8 per cent drop by analysts surveyed by Bloomberg.