China's housing market is plunging fast - and it's dragging Macau's Casino revenue down with it
China's housing market is plunging fast - and it's dragging Macau's Casino revenue down with it. Quartz reports that Macau's lucky streak appears (to be) finally over. Casinos in the former Portuguese colony-now the biggest gambling center on the planet-brought in 4% less revenue in July, compared with the same month last year. This was the second consecutive month of declining revenue. The big question is: what will it mean for Crown both in Macau and it's other casinos worldwide if the Chinese gamblers lose their punting mojo on the back of a declining property market? It's a trend worth following... (VIEW LINK)
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