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Chinese New Year no cure for Macau gaming slide

  • The Macau Gaming Inspection and Coordination Bureau reports gaming revenue in the gambling mecca fell off 48.6% Y/Y to 19.54B patacas ($2.44B).
  • The month includes the crucial Chinese New Year holiday.
  • Analysts expected a tail-off of 45% to 55% as the sharp crackdown on VIP junkets continues.
  • YTD Macau gaming revenue -35.1% to 43.29B patacas.
  • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.

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