Written by :
Reuters
Published on :
Gambling revenue in Macau plunged 35.5 percent in August from a year earlier, sliding for fifteen months in row as China's slowing economic growth exacerbated a slump caused by a broader crackdown on conspicuous spending.
Casino revenues in the world's biggest gambling hub dropped to 18.6 billion patacas ($2.3 billion) a year earlier, matching the 18.6 billion patacas in June, according to data released by the Macau government on Tuesday.
Analysts had forecast a decline of around 36-38 percent.
