Business & Finance
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.