The world's largest gambling market is on track for its first year-on-year decline since it was opened to foreign competition in 2002.
Macao, the Chinese special administrative region near Hong Kong, has reported a 12.4 per cent decline in first-half casino revenues to 51.4bn patacas ($6.4bn).
If the trend continues, driven by a 20 per cent fall in visitor arrivals, this year will be the first to see a contraction since the monopoly of Stanley Ho, the veteran gambling tycoon, was broken up seven years ago.
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