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Macau gaming revenue growth at near 3-year low

Macau, the world’s largest gambling destination, reported 7.3 percent growth in its May gambling revenue on Friday, the slowest expansion rate recorded since July 2009. 

Total revenue of MOP26.08 billion (USD3.3b) recorded for May is the second highest for a single month, but a far cry from the 70-90 percent monthly growth rates seen in 2010 and even the 22 percent growth in April.

While Macau, located on China’s southern coast, was one of the world’s fastest growing economies in 2011, a slowdown in China’s turbo-charged economy has started to trickle down to the casino-crammed enclave, most visibly in a drop spending by billionaire VIP gamblers from mainland China.  

(Source: CNBC)