Caixin
Jan 03, 2019 07:22 PM
FINANCE

Macau’s Gambling Sector Reports Biggest Revenue in Four Years

The Global Gaming Expo Asia is held in Macau on May 16. Photo: VCG
The Global Gaming Expo Asia is held in Macau on May 16. Photo: VCG

Macau’s gambling industry reported its best revenue in four years in 2018 after Beijing’s crackdown on corruption and luxury spending saw spending plunge by over a third, government data show.

The special administrative region’s gaming industry continued its recovery, with gross revenue in the sector reaching 303 billion patacas ($38 billion), a 14% increase year-on-year, according to figures from the Gaming Inspection and Coordination Bureau, Macau’s gambling watchdog.

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