Casino revenue in Macau fell for the 12th straight month in May in the face of Chinese clampdowns and a slump in economic growth, reports Bloomberg.
Gross gaming revenue dropped 37.1 per cent to 20.35bn patacas (US$2.55bn), according to the Macau Gaming Inspection and Coordination Bureau.
In the first five months, casino revenue of 2015, casino revenue dropped 37 per cent to 104.3bn patacas.
More than $24bn has been wiped off the market value of the city’s six operators so far this year.
Visitors to Macau fell 3.4 per cent in April, with mainland Chinese, who make up two-thirds of total visitors, falling for the second month in a row, a drop of 6.4 per cent year on year.
It is hoped that several new casino openings will help draw customers back. Last week, Galaxy Entertainment Group opened two new casino-hotels, Macau’s first in three years, while Melco Crown will open a new resort by the end of the year.
