China’s anti-corruption campaign is creating ripples in Macau, with Wynn Resorts reporting that revenues fell in the third quarter because of a big drop in the number of high-rollers visiting casinos in the Chinese territory.
The company owned by flamboyant gaming tycoon Steve Wynn said revenues from VIP gamblers – Chinese punters who gamble in special rooms in casinos – in Macau plunged 17 per cent from last year to $25bn.
This sparked a 5.6 per cent decline in overall turnover in Macau, which caused group revenues to fall 1.5 per cent even though revenues from operations in Las Vegas rose 9 per cent over the same period.
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