Tough times for the world’s gaming capital show little sign of abating. Macau’s casino revenue fell 35.5% in August, its fifteenth straight month of year on year decreases. That follows a 34.5% gaming revenue decline in July. China’s slowing economy and President Xi Jinping’s anti-corruption drive have driven Macau’s slump, but mainland stock market chaos and currency devaluation make recovery more difficult.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
