Macau’s casinos won roughly $2.2 billion from gamblers in the course of the month of July, in line with figures from the city’s government.

That was a 4.5-percent drop in comparison to the similar month a year ago, however it was a greater performance than analysts predicted. Consistent with Bloomberg, gaming win was expected to fall 5.5 percent year-over-year in July.

Gaming revenue has fallen for 26 straight months now. Thru the primary seven months of 2016, gaming win is down 10.5 percent in comparison to the similar period a year ago. The industry won nearly $29 billion in 2015.

Despite the streak, experts are predicting that gaming win could reverse course within the coming months, after two new casinos open within the city. Projects from Wynn and Las Vegas Sands are nearing completion. A BRAND NEW casino from MGM will open next year.

The dramatic contraction of Macau’s casino industry is because of the Chinese economy slowing and the Chinese government deciding to crack down on what it saw as corruption inside the city’s junket industry. Because the casinos shift clear of the high roller, they're putting more of a focal point at the recreational gambler and tourist.

Read More... [Source: CardPlayer Poker News]