Revenue from the VIP market at Macau’s casinos dropped by 39.9% to MOP127.82 billion (US$15.89 billion) in 2015, falling to 50% of total gambling revenues from 80% previously, South China Morning Post reported, citing data from the Macau Gaming Inspection and Coordination Bureau. The bureau said casino gross gaming revenue had fallen by 34.3% in 2015 to MOP230.84 billion as mass market revenue also dropped by 25.9%. The continued falls come as the territory’s government pushes gaming operators to rely more on mass market gamblers in the face of China’s economic slowdown and the party’s ongoing anti-corruption campaign, which have dealt severe blows to some of Macau’s most profitable casinos since 2014.
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