The three dozen large and small casinos in Macau — including resorts operated by Las Vegas Sands Corp., Wynn Resorts Ltd., and MGM Resorts International — collected $2.69 billion in revenue during the month.
The 39 percent dip follows February’s single-month record 49 percent drop. The March figure also marked the seventh straight month Macau casinos have reported double-digit declines in revenue.
The downward spiral began last June when the Chinese government began a crackdown on corruption that has targeted the high-end junket operators who bring gamblers to Macau’s VIP casino rooms. Many of the junkets reportedly have ties to Chinese organized crime triads.
Wall Street analysts expect the gaming revenue declines to continue.
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