Macau's star dims as casino revenues dive 10 percent - 21st October 2008

HONG KONG AND MACAO -- As reported by Reuters: "Macau's gaming revenues fell a tenth in the third quarter as Chinese travel curbs and slowing economies cooled the gaming haven's three-year boom. Analysts say the credit crisis will further dampen gambling appetite and stall several high-profile casino projects.

"Casino revenue fell 10 percent to 25.99 billion patacas ($3.2 billion) in the July-September period from the second quarter, according to figures released by the Macau Gaming Inspection and Coordination Bureau on Monday.

"This was the second successive quarter that casino revenues had slid when compared with the previous three-month period, after a near-uninterrupted growth streak since 2005..."

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