August 1, 2019 / 5:01 AM / 19 days ago

Macau casino revenues fall 3.5% y/y in July

Aug 1 (Reuters) - Gambling revenue in the Chinese territory of Macau dropped 3.5% in July from a year earlier, due to tempered demand from high rollers amid a slowdown in the world’s second-largest economy and a trade war with the United States.

Revenue was 24.5 billion patacas ($3.04 billion) in July, Macau’s Gaming Inspection and Coordination said on Thursday. The figure was just below analyst expectations of a 3% drop to 3% rise. ($1 = 8.0620 patacas) (Reporting by Farah Master; Editing by Subhranshu Sahu)

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