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HONG KONG: Gambling business figure in China's Macau territory fell 8.6% in August, due to lower demand from large players, as a result of slower economic growth following the trade war between the United States and China and the demonstrations in Hong Kong.
The August figure was 24.3 billion patacas (3.01 billion dollars), said in the inspection and coordination of the Macau game in the newspaper, published Sunday, below the analysts' expectations of a fall of 2 to 6%.
This figure was slightly lower than the monthly business figure of 24.4 billion patacas recorded in July.
While protests in Hong Kong's Asian financial center have disrupted transportation and deterred travel in the former British colony, then in Macau, analysts believe that the impact on gambling revenue is minimal.
However, the protests have added to the impact of factors such as a typhoon earlier in the month that hit Chinese coastal cities and a tightening of cash in the sector of prominent personalities.
Suncity, Macau's largest market operator, operating VIP gaming rooms across Asia, has been credited by the official media in July with $ 10 billion in online betting and indirect betting. " seriously undermining China's social and economic order ".
"The negativity surrounding Suncity continues to put pressure on VIPs, some fundraisers and some VIP players delaying their visit to Macau," said Vitaly Umansky, an analyst at Sanford C. Bernstein in Hong Kong.
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