November Revenues in Macau Down 20%

Macau is the world’s leading gambling destination, having surpassed Las Vegas a long time ago and with big plans of expansion. It doesn’t look like those plans are going to be realized however, as revenues on the island is declining massively in H2 of 2014.

 

Year-on-year, the revenues in November for Macau dropped a massive 20% to $3 billion, which is sixth month of the year with a decrease in revenues year-on-year and the fifth month in a row. Macau is the only place in China to gamble legally, but some of the biggest players are currently staying away.

 

The reason for that is that China’s anti-corruption unit has been going around to some of the wealthiest men in China to check their finances, which has led to a massive amount of the VIP players in Macau to cut back on their spendings in the gambling mecca.

 

Furthermore it is also being said that the current pro-democracy protests in Hong Kong is causing some economical issues for Macau, as Hong-Kong is only a 45 minute ferry ride away, making it the ideal destination to go before going to Macau.  

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

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