International edition
July 31, 2021

October

Macau could register its worst ever figures 

(Macau).- Macau  gambling figures, to be announced tomorrow by the government, could turn out to be the SAR's worst ever month. Analysts predict that the gaming hub could suffer a 20- 23 percent drop in revenue from October 2013. If those predictions are correct that would be the biggest decline in revenue since records have been kept and also mark the fifth consecutive month of revenue decline for Macau.

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ormally results would be announced today but it is a national holiday in Macau.

“It is worse in October than it was before October,” Steve Wynn, chief executive of Wynn Macau, told a recent earnings call. The casino operator is building a US$ 4 billion integrated resort, complete with a lake and air-conditioned gondolas, in the territory. “I don’t know if it is a squall or if we are in the rainy season, or how long it will last, but we are still very bullish on Macau,” the gaming magnate added.

Beijing’s two-year anti-corruption campaign has taken its toll on the gaming sector, keeping big-spending, wealthy gamblers away – data from Macau’s gaming and inspection bureau shows that VIP revenue accounted for a record-low 56 percent of total revenues in the third quarter.

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