Macao gambling revenue continues to develop downhill

The Chinese gambling capital Macau posted a drop of 8.5 percent in gambling tourism revenue for June 2016, marking the 25th consecutive monthly drop suffered by the world’s biggest casinos. The most wealthiest gamblers had been staying away from casinos

Revenues in June were 15.9 billion patacas ($1.99 billion), government data showed on Friday, in line with analysts’ expectations of a fall of 5-12 percent. Monthly revenues have shrunk by half in the last two years and hit lows unseen in over five years.

The former Portuguese colony is the only place in China where casino gambling is legal.

This is according to reports received from China, including Reuters.