Macau casino revenue falls for 2nd straight month as China corruption clampdown bites

Published January 08, 2015

Casino revenue in the global gambling mecca of Macau fell for a second straight month in July as Chinese high rollers stayed away because of Beijing's corruption crackdown.

Official data released Friday show that revenue fell 3.6 percent to 28.4 billion patacas ($3.6 billion) last month compared with a year earlier.

The decline comes after revenue fell in June for the first time since the end of the global financial crisis five years ago.

The former Portuguese colony on the southern Chinese coast near Hong Kong raked in $45 billion in casino revenue last year, seven times more than the Las Vegas Strip.

Wealthy Chinese have powered Macau's boom but analysts say some are avoiding Macau as the ongoing corruption clampdown discourages lavish spending.

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