Macau’s gross gambling revenue dropped 3.2 percent in October, slightly worse than the consensus forecasts from analysts.
Macau’s economy is likely to shrink this year and remain in negative territory until 2022, according to the International Monetary Fund.
Macau Legend has provided more information as to why it took an impairment charge of HK$681.9 million ($86.9 million) in its 2018 results, saying it was mostly due to slower-than-expected performance at its Macau Fisherman’s Wharf property.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264