Macau Casino Revenue on the Decline

Since the start of Macau’s legal casino industry in 2001, revenue is on a seven month downswing for the first time.

Reportedly revenue decreased 2.6% in 2014 to $44.1bn; however the most significant drop was in December with a 30.4% plummet according to figures released by Macau's Gaming Inspection and Coordination Bureau.

Even with less money passing through Macau, the region continues to generate nearly seven times the revenue of Las Vegas.

The government’s plans to sniff out gambling activities and conspicuous spending is to blame for the hard blow to casino income in Macau. Recent suggestions to diversify income in Macau have been swirling.

Macau is actually the only Chinese region where casinos and gambling is permitted and became the mecca that it is today once well-known international resorts broke ground there after the Chinese government put the kibosh on the casino monopoly in 2001.

In total, Macau’s casinos are down $58bn over the course of the last six months.

Source:Macau's gambling revenue hit with first annual fall

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    KummerLidande

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    here in big casinos mostly in Capital they are giving free drinks and sweets just for playing there. if they notice you frequently spending money on table games and slots they give the equivalent of $10 - which have no wagering compared to online. i wonder what is given in Macau. the origin of the fall maybe have to do with comfort given by playing from home online. look at Paul Newey twitter for example.
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    pinkxxx

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    Seems all land casinos are taking a bit of a fall compared to previous years . They are still doing well as you see they mention they still make 7 more times than Vegas . Vegas has been on a slide but Im sure will go back up eventually . I believe economy has a lot to do with it and like many other forms of entertainment people are replacing them with stay at home options such as online gambling .
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    pasty

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    Quite an awfull lot of money.. but they're still on a profit, that's just a decrease in revenue, they're not going to shutdown or something like that. They will still make money, people still are addicted to gambling, mainly in all the countries so, somewhere, in the near future, they'll be making tons of money again and we'll just have to comment about a spectacular comeback lol.
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    iDark

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    Well, I think people thinking more and stoped to gamble like highrollers..This is why Macau paradise decrease the profits..Or, chinese milionaires went to vegas and spent their money there..By the way, could You imagine the sum of $58bn? I can't...
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    dirkemans

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    Life's too short to be a dick all the time!

    Don't worry be happy!
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    Thats not recession, just decrease in revenue.. but it's still a ridiculous amount of profit over the year... Things are going very well in Macau, this is probably some pushed story to either get some media attention, or rather try to scare a couple of investors somewhere, or even attract some, who knows?:) ..
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    nirvana

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    I guess they only now got hit by recession ...

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