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Is Macao Heading Into Recession Again?

TheMotleyFool

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Macao casino revenue fell 8.6% in August, the second straight month it was down. Gambling revenue has been down for five of the eight months of 2019 so far.

While no one expected the casinos to maintain the double-digit growth rates they were enjoying after coming out of their deep, two-year decline, the steady drumbeat of weak results and disconcerting economic news in China could signal that the gambling enclave is heading back into a recession.

Data source: Macao Gaming Inspection & Coordination Bureau. Chart by author.

Source Fool.com

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