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Macau game returns to growth, but casinos still face Bloomberg hurdles
Macau's casinos have returned to growth in May, but the modest increase in their revenues is a sign that the world's largest gambling center is still facing obstacles due to regional competition and uncertainties related to the trade war . – The gross gambling revenue for Macau's casino operators rose to 26 billion patacas ($ 3.2 billion) in May, up 1.8% from a year earlier according to data from the Office of Game Control and Coordination. This was slightly worse than the median estimate of 3% announced by badysts, and that followed the declines in March and April. – Revenues from January decreased by 1.6% to 125.7 billion patacas. Key Information – Despite …
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