You won't find any other red ink in the Variance column going back 5 years. Has the great casino gambling boom in Macau reached a tipping point?
The YES arguments...
- Had to end sometime
- China corruption/junket crackdown gathering pace
- China VISA restrictions biting
- China credit, general economic slowdown starting to be felt
The no arguments...
- World Cup one-off impact, August will be back
- Anomaly
Interesting to see what August reveals !
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