China’s Slowdown Is Driving Away Some of Macau’s High Rollers
Skift
China’s Slowdown Is Driving Away Some of Macau’s High Rollers
The Wynn Macau is pictured. Macau casinos shares tumbled Tuesday on concerns that a softening Chinese economy is damping the allure of the baccarat tables for high rollers. pslee999 / Flickr
Skift Take: The Macau casino stock index has slumped to its lowest level in a year. No wonder. Deutsche Bank has cut its 2019 outlook for casino revenue to 4 percent, from 11 percent, as China feels the pressure of the trade war and other factors.
