Macau Casino Win Falls Again In NovemberMonth Sees Gaming Win Drop To $3.04 Billion |
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As anticipated, Macau had its sixth-straight month of declining casino win.
The nearly three dozen casinos in the former Portuguese colony had 24.3 billion patacas ($3.04 billion) worth of gambling revenue in November, according to figures released by government officials on Monday.
That was a 19.6-percent drop compared to gaming win in November 2013.
It has been six months in a row for year-over-year losses.
According to Reuters, analysts were expecting a decline of 18 percent to 21 percent for November.
Macau casinos had more than $45 billion in gambling revenue last year. At the start of 2014, it was expected to increase this year, but after a bad run, that record figure will not be matched this year.
Government officials have been cracking down on corruption in Macau, but other weakening areas in the economy have taken a bite out of Macau’s success.
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