HONG KONG: Macau’s gaming revenue in July fell less than analysts estimated as the holiday season brought tourists and leisure gamblers to the local units of Las Vegas Sands Corp, Wynn Resorts Ltd and other casinos.
Gross gaming revenue fell 4.5% to 17.8 billion patacas (US$2.2bil), marking 26 consecutive months of declines, according to data from Macau’s Gaming Inspection and Coordination Bureau. That followed a 8.5% decrease in June and compares with the median estimate of a 5.5% drop by nine analysts surveyed by Bloomberg.