The financial crisis affecting gambling in Macao

Author: Gambling news

14 Oct

Well, anyway that they can not complain much, because this is the first time in three years that exacerbated the benefits of casinos in Macao reported losses in its economic assets.

This seems to be a direct consequence of tougher policies pekinesas and his remarkable decrease of visas for Chinese citizens wishing to enter the island of Macau. The idea apparently is to keep them away from the casinos that are piled in this special administrative region of China.

The South China Morning Post has published in September that the bulky earnings have been reduced by 28%, which are nothing less than 633 million euros in cash. All that is gambling and gambling in Macau moves 60% of its product, and from this deduce that the other 40% must be generated from services directly or indirectly associated with the hotels, casinos, its services and buildings.

Recall that Macao has only 29 casinos in its small territory of 27 square kilometers located south of the Asian giant and in 2006 won to Las Vegas in the international market of the game.