macaus-losing-streak

Macau's losing streak

Has the gambling hub of the east finally run out of good news?
These are tough times for Macau as its growth story finally starts to slow down. Government figures released this week show that in the third quarter of 2008, Macau's gross gaming revenues were down 10% from the second quarter, a much bigger quarter-on-quarter decline than the 3.3% drop in the second quarter versus the first. Much of the blame is attributed to new visa restrictions imposed on visitors from ChinaÆs Guangdong province, which limit how often they can hop across the border to Macau for a punt.

These restrictions, introduced at the beginning of September, have left Macau unusually quiet mass gaming casino halls are subdued and the high-roller rooms, which attract the no-limit gamblers,...
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