Where have all the gamblers gone?

Venetian Macau

Gambling revenues for the month fell some 23% year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data shows. 

October was the worst month on record for casino revenues in Macau, the world’s biggest gambling enclave. 

Analysts cited as reasons for the slowdown in gaming revenues as China’s war on corruption, combined with fewer tourists and slowing economic growth.

Gambling revenues for the month fell some 23% year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data shows. 

Reuters reported that October was also the fifth consecutive month of declines after two years of rapid growth which saw Macau eclipse Las Vegas in revenue many times over.