Macau Gaming Revenue Reaches Five-Year LowJune's Gaming Win Lowest Since November 2010 |
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Macau gaming revenue in June fell 36.2 percent year-over-year to $2.2 billion, according to data released this week by Macau’s Gaming Inspection and Coordination Bureau, Bloomberg reported on Tuesday.
That figure is the lowest for Macau’s casino gambling industry since November 2010.
In May, Nevada casinos won just over $1 billion from gamblers, which was a small increase year-over-year. Las Vegas is moving in the opposite direction as Macau. At one point in the recent past, gaming revenue in Macau was about four times as great as Nevada’s and Macau’s boom was showing little sign of slowing.
Macau had gaming revenue of $45 billion in calendar year 2013. Nevada had gaming revenue of $11.14 billion during that same year. The gap between the two gambling hubs is going to close considerably this year, as Nevada has been holding steady while Macau plummets.
The 37-percent decline in May that Macau casinos experienced marked 12 consecutive months that gaming win has fallen year-over-year in the former Portuguese colony, the only place in China where gambling is legal. The city currently has more than 30 casinos, but more are being built.
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