2014 has been a year to forget for casino operators in Macau. Unfortunately, things are unlikely to get any better next year.
Gaming revenue in the former Portuguese colony will contract 1 per cent next year as the ongoing crackdown on corruption in mainland China continues to keep big spending Chinese gamblers away, according to a fresh report from rating agency Fitch. The forecast, Fitch says, reflects 'the persistent weakness in the VIP business, which seems to be spilling over to the premium mass segment'.
Gaming revenue growth is expected to be flat this year following five straight months of year-on-year declines.
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