Macau’s monthly casino revenue has fallen for the first time since July 2016 as mainland China’s economic slowdown deterred high rollers – but the drop was less steep than expected, fueling a relief rally in gaming shares.
Gross gaming revenue fell 5 percent last month to 24.9 billion patacas from a year earlier, according to data from the Gaming Inspection & Coordination Bureau (DICJ) last week.
Last month’s revenue was the lowest since September last year.