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Macau Sep gambling revenues fall 33pc, 16th consecutive monthly decline

Gambling revenue in Macau fell 33 percent year-on-year in September, in line with forecasts but still near five-year lows as wealthy gamblers continued to stay away from the Chinese casino hub.

Macau is the only place where casino gambling is legal in China and VIP gamers, which account for about half of revenues, have been staying away, deterred by Beijing’s widespread crackdown on corruption which has also targeted the illicit outflow of money from the country.