Macau keeps falling
Tourism politics are seeking new countries to be tempted with casino attractions, as well as national or international middle class people.
China.- It is the 20th month in a row that the revenue of the Special Administrative Region continues to give bad news to casinos operators. January marked the drop of 21.4 percent of Macau’s income. Next week Chinese New Years is expected to help increase the number of players.
The prophecy of analysts became real. Today, China government published the world’s largest casino hub lost US$2.33 billion (18.8 patacas) and it’s been around two consecutive years that the region cannot grow. This complicates deeper Chinese economy.
Nevertheless, new market studies suggest that the worst may be over as Las Vegas casinos are growing fast with the help of mass market gamblers, meaning more players from middle class. They are also the new target of Macau’s casinos, that could blame the revenue drop on corruption and illicit money investigations that China announced two years ago.
