China UnionPay ATMs<\/a>, adding another barrier\u00a0to blocking would-be money launderers.<\/p>\nVisitors arriving in Macau will also soon be forced to declare how much money they’re traveling with if that number is more than $15,000. The currency disclosure statute won’t go into effect until November 1, 2017.<\/p>\n
Mass Improvement<\/b><\/h2>\n
With VIP revenue up over 15 percent in the first quarter of 2017, it’s unclear if Jinping will refocus his campaign efforts to further impede junkets. Investment brokerage firm Bernstein said recently it has noticed a “small spike in anti-corruption related activity.”<\/p>\n
But Bernstein analyst Vitaly Umansky believes it’s more about the mass market than the VIP that is leading to Macau’s economic turnaround.<\/p>\n
“The Macau gaming industry has now shown a strong recovery from over two years of declines,” Umansky told CNBC<\/i>. “We continue to view the industry as a secular growth story driven by the paradigm shift from VIP to mass.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino revenue hit the jackpot in May, as income at the city’s gaming floors totaled 22.7 billion patacas ($2.83 billion). That represents a nearly 24 percent premium on the same month a year ago. May extends Macau’s winning streak to 10 months. Total revenue for the first five months of 2017 is now at […]<\/p>\n","protected":false},"author":42,"featured_media":51588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Revenue Soars in May, Biggest Monthly Gain Since 2014<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n