HONG KONG: Macau casino big-hitter Lui Che-woo says he sees light at the quit of the tunnel for the embattled playing enclave, despite the fact that the days of excessive rollers are gone.
The former Portuguese colony has struggled to recover its footing after coming underneath pressure from Beijing to diversify away from playing in 2014 as part of a corruption crackdown through China’s President Xi Jinping.
That punched a hole inside the VIP market that had propped up Macau’s gaming revenues, that have nosedived. Takings have been additionally hit by way of a slowdown in the Chinese economic system.
But the droop seemed to come back to an end in August, with a modest upward thrust in gaming sales of one.1 percentage—the primary increase for 26 months—as on line casino bosses try to lure mass marketplace travelers to fill the rooms of a bunch of new mega-resorts.
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