Gaming revenues in Macau declined 37.1 percent year-on-year in May, continuing the decline for the industry, data released by Macau's Gaming Inspection & Coordination Bureau showed.
Gaming revenue totaled 20.35 billion patacas or $2.6 billion in the month, marking the twelfth consecutive month of year-on-year drops. Revenue fell 37 percent so far in 2015, compared to last year.
Casino revenues in Macau witnessed their first full-year annual decline last year, after records began in 2002. The city's Chief Executive Fernando Chui reportedly asked the people to chill out.
Macau is the only place in China where casinos are allowed. Beijing has urged Macau to quit gambling and develop into a more diversified tourism hub.
Further, efforts by the Chinese government to stem corruption have made punters from the mainland cautious about gambling in the former Portuguese colony.
The Chinese efforts are also bearing fruit. Major casino operators are opening non-gambling features in their projects.
Further, amid the slump in gambling, visitor arrivals in Macau declined 3.6 percent in January to April period, compared to the same period last year.
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