BloombergMacau gaming revenue last month slipped for the third straight month, marking the worst annual decline since 2015 as the world’s largest gambling hub struggled to lure high rollers amid geopolitical tensions and an economic slowdown. Gross gaming revenue was 22.84 billion patacas (US$2.85 billion), down 13.7 percent from a year earlier, according to data from the Macau Gaming Inspection and Coordination Bureau. Full year revenue, at 292.5 billion patacas, was down 3.4 percent from 2018. XI EFFECTArrivals last month were further crimped by Chinese President Xi Jinping’s (習近平) visit to the territory to celebrate the 20th anniversary of Macau’s handover. Meanwhile, rival gaming destinations, such as Vietnam, are threatening to chip away at Macau’s dominance.

Source: Taipei Times January 01, 2020 15:56 UTC