Macao Casino Revenue Plunges Another 90% in September
For the sixth consecutive month, gambling revenue in Macao has fallen 90% or more, after casino regulators in the only city in China where it's legal to gamble said September revenue fell to 2.2 billion patacas, the local currency. That's the equivalent of $275.6 million at current exchange rates.
The result was worse than the 86% decline analysts had been predicting just one day prior and it means the year-to-date total of 38.6 billion patacas is down over 82% compared to the same period last year.
To put that in perspective, Macao generated 38 billion patacas in a single month at the city's pinnacle in 2014.
Source Fool.com
