Worst May Soon Be Over for Macau Casinos After April Horror
- Gross gaming revenue in Macau slumped 8.3 percent last month
- Signs of China’s economic stabilization may boost visitors
Casinos in Macau
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Fattened by years of non-stop growth, Macau’s casino operators just struggled through their slowest month in almost three years. The good times, analysts say, may soon return.
Revenue at the world’s largest gaming hub slumped 8.3 percent in April, the third monthly decline this year, as China’s sluggish economy kept high rollers away from gambling tables. April was possibly the low point for Macau’s casinos, according to Sanford C. Bernstein, and the going may get better.