Macau has warned that casino revenues are likely to fall again next year as the world’s biggest gambling hub continues to feel the pain of the corruption crackdown and economic slowdown in China.
Chui Sai On, the chief executive of the only part of China where casinos are legal, forecast that gross gaming revenue would fall to 200bn patacas ($25bn) in 2016, compared with analyst expectations for about $30bn this year.
He told the Chinese territory’s legislature on Tuesday that this was a “conservative” estimate given the “profound adjustment phase” that Macau is undergoing.
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