The house lost last month in Macau, but at least it didn’t lose too much more than it did a month earlier.
Gaming revenues at Macau’s casinos fell 9.6 per cent year-on-year in May to MOP18.389bn ($2.298bn), worsening slightly from April’s decline of 9.5 per cent, according to Macau’s Statistics and Census Service.
Overall, gambling revenues fell 13.3 per cent year-on-year in the first quarter, according to calculations based on official figures. Despite what had been a generally upward trajectory in the year to date they had yet to break back into positive territory in recent months, and now appear to have stalled out in May.
Macau’s gross domestic product declined 13.3 per cent year-on-year in the first quarter, according to calculations based on official figures.
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