UPDATE 1-Macau gambling revenue drops in Jan, analyst say worst may be over

Feb 1 Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world’s largest casino hub. Revenue in the former Portuguese colony fell for the 20th consecutive month to 18.7 billion patacas , government data showed on Monday, in line with analysts’ expectations of an 18-26 percent decline.

UPDATE 1-Macau gambling revenue drops in Jan, analyst say worst may be over

Feb 1 Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world’s largest casino hub. Revenue in the former Portuguese colony fell for the 20th consecutive month to 18.7 billion patacas , government data showed on Monday, in line with analysts’ expectations of an 18-26 percent decline.