SUBSCRIBERS
Macau cuts gambling revenue forecast sharply
Add BT as a preferred sourcePublished Tue, Mar 24, 2015 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
MACAU slashed its monthly gambling revenue forecast 27 per cent, as the city's chief executive pledged a five-year plan to make the world's largest gaming hub less dependent on casinos.
The city expects average gross monthly gaming revenue of 20 billion patacas (S$3.42 billion) this year, down from an earlier estimate of 27.5 billion patacas, Chief Executive Fernando Chui said on Monday. Macau has entered an "adjustment" period of slower growth and needed to develop a broader range of attractions to draw tourists from around the world, he said.
Share with us your feedback on BT's products and services
