Macau casino revenue falls most in 5 years
President Xi's crackdown on graft dents spending by high rollers
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[HONG KONG] Macau casino revenue fell the most in five years, extending a slump that began with China's campaign against lavish spending, as the world's biggest gambling hub braces for the fallout from protests in Hong Kong.
The former Portuguese colony's total casino revenue fell 12 per cent to 25.6 billion patacas (S$4.1 billion) in September, the fourth straight month it has declined, according to Macau's Gaming Inspection and Coordination Bureau. It's the biggest drop since June 2009, according to data compiled by Bloomberg.
Chinese President Xi Jinping's crackdown on corruption has dented spending by high-stakes gamblers in Macau, the only place in China where casinos are legal.
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