Macau’s casino revenue slide gathers pace

Macau’s revenue slide has accelerated in October, putting the world’s biggest casino market on track to record its first annual revenue decline since Stanley Ho’s monopoly ended in 2002.

October 2014 saw the fifth month on month drop in succession, with casinos making 23% less than the same month last year. That’s more of a crash than a slump.

China’s crackdown on corruption must be working.

Probably a little too well if you ask the Ho’s, Packer’s, Adelson’s and Wynn’s of this world who are no doubt missing some of that VIP Junket business that seemed to produce a never ending, and constantly growing river of money.