HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a slowdown in the world’s second-largest economy.
April’s haul slid to 23.6 billion patacas ($2.92 billion), the weakest monthly revenue this year, Macau’s Gaming Inspection and Coordination posted on Wednesday.
The figure, down from 25.8 billion patacas in March, was in line with analyst expectations for a 3-12 percent drop year on year.
As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.
Reporting by Farah Master; Editing by Sonali Paul