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Macau Gaming Revenue Falls Again on Typhoon, World Cup

Key Points

Macau Gaming Revenue Falls Again on Typhoon, World Cup Macau’s gaming revenue fell 8.4% in July, declining for a second consecutive month as travel disruptions from Typhoon Noul and lingering distractions from the World Cup dented spending. Gross gaming revenue reached 20.3 billion patacas ($2.5 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Saturday. The result missed the median analyst estimate for a 6.2% year-on-year decrease.

Macau Gaming Revenue Falls Again on Typhoon, World Cup Macau’s gaming revenue fell 8.4% in July, declining for a second consecutive month as travel disruptions from Typhoon Noul and lingering distractions from the World Cup dented spending. Gross gaming revenue reached 20.3 billion patacas ($2.5 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Saturday. The result missed the median analyst estimate for a 6.2% year-on-year decrease.
Macau Gaming Revenue Falls (ORG) Typhoon (LOCATION) World Cup Macau Gaming Revenue Falls (EVENT) World Cup Macau’s (EVENT) Typhoon Noul (EVENT) the World Cup (EVENT) patacas (ORG) the Gaming Inspection and Coordination Bureau (ORG)
Originally published by Bloomberg Markets Read original →