Is The Lull In Macau’s Gaming Market Here To Stay?

Attendees stand in front of Aruze Gaming America Inc. electronic slot machines on display during theGlobal Gaming Expo Asia in Macau, China, on Tuesday, May 21, 2019. The expo runs through May 23. Photographer: Paul Yeung/BloombergMacau, the gambling capital of the world, reported nearly $37.9 billion in Gross Gaming Revenues for 2018.

Lately, VIP gaming has observed sharp declines due to stricter regulations by the Gaming Inspection and Coordination Bureau of the city’s junket operators.However, Mass Baccarat GGR increased by MOP 4.8 billion and MOP 5.5 billion, respectively. Before the escalation of protests in July 2019, the number of visitors in Macau increased by 21% and 19% in Q1’19 and Q2’19, respectively.Growth was primarily driven by same-day visitors, which account for near 50% of Macau’s tourists.Visitor spending refers to expenditure by tourists on non-gaming activities such as shopping, accommodation, food & beverage, and transport.Expenditure by same-day visitors has remained fairly stable over the last few quarters.

Gambling's not good for financial. That could bankrupt you and lose everything

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on FridayStocks fell on Friday after reports the White House is considering curbing U.S. investment in China.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: Put recession fears aside and buy these 2 office furniture stocks'As long as the job market stays strong, companies will keep paying up to make their workspaces more attractive and entice the workers they need,' Jim Cramer says. Or wait until the recession hits and then buy them at a discount. Just an idea... I have the famous Herman Miller office chair and it is fantastic. Good tip. Why do I suspect you have both sides of this trade?
Source: CNBC - 🏆 12. / 72 Read more »

Here's what happened to the stock market on ThursdayInvestors grappled with worries over U.S.-China trade relations and the mounting pressure by Democrats to impeach President Donald Trump.
Source: CNBC - 🏆 12. / 72 Read more »