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Macau bounces back

Profile Photo By: Carsten Hennig
March 1, 2017

Macau bounces back

Macau – 1 March 2017 –
Macau’s gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path to recovery from a slump triggered by China’s anti-corruption campaign and slow economic growth.

Business has been bleak in the special administrative region belonging to China since Chinese President Xi Jinping rolled out a campaign against shows of wealth by public officials in 2014 – a move that effectively dried up the stream of VIP spenders from the mainland, Reuters reported.

But the opening … Read More

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