Macau casino revenues fell sharply in October as China’s anti-graft and austerity campaigns made mainland punters warier about visiting the gaming haven.
Chinese gamblers have propelled Macau to become the biggest casino market, with seven times the revenues of Las Vegas. But concerns have emerged as turnover has fallen for five consecutive months, including a 23 per cent year-on-year fall in October that marked the steepest drop on record in the former Portuguese colony.
Since taking power in 2012, Chinese president Xi Jinping has launched a drive to stamp out corruption and ostentatious spending in the Communist party.
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