Macau casinos roll toward a losing year

November produced the lowest revenue for Macau casinos since September 2012, down nearly 20% from last year. After six straight months of year-on-year falls, the world’s gaming capital is heading for its first annual decline in casino revenue since the end of its gaming monopoly in 2004, with little hope for a rebound until the middle of next year.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.