Macau's gaming revenue falls 33% due to China's slowdown
Gaming revenue in Macau, the Las Vegas of Asia,? has fallen by 33% in 16?, as China's anti-corruption campaign and recent economic slowdown continues to frighten away VIP visitors.  The Macau government has had to announce fiscal austerity measures, including freezing a certain proportion of assets and public investment, as well as relaxing temporary-visa rules for Chinese tourists in the hope﻿ of bringing back visitors.  

HONG KONG -- Gaming revenue in Macau plunged 33% year-on-year for September, logging the 16th straight month of decline, the Macau government said Thursday. China's anti-corruption campaign and recent economic slowdown continue to scare away VIP visitors.

Casino revenues in the world's largest gaming market dropped to 17.1 billion patacas ($2.1 billion) in September, narrowing from August's 35.5% fall. Macau's casino industry started shrinking in 2014 as the Chinese government's anti-corruption campaign kept many wealthy customers away.