Casino revenue in the world’s largest gambling hub fell for the 12th straight month in May, as China’s battle against graft and a slowing economy kept high rollers and vacationing gamblers away.
Gross gaming revenue dropped 37.1 percent to 20.35 billion patacas ($2.55 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau.
Macau casinos’ yearlong losing streak has left the city’s economy vulnerable as output tumbled 24.5 percent in the first quarter, worse than Greece and Ukraine ever did.
You have to survive
Every day is a battle, survival is rule #1
Monday, June 1, 2015
Chinese gambling crash
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