Macau's gross gaming revenue failed to reach analysts expectations in May leading to several casino operators experiencing a decline to their share values.
Macau's gambling commission, The Gaming Inspection and Coordination Bureau, showed in its latest monthly report for May that gross revenue from games of fortune only totalled $3.15 billion during the month. Despite the revenue being higher than the $2.82 billion it registered during the same period last year, it more importantly came in well below analysts’ expectations for the month.
https://www.gamblinginsider.com/news/5360/macau-casino-stocks-slip-after-may-revenue-reportI am not surprised of the report and would more concerned if it had been otherwise just like a company declaring excessive dividend when the industry is in shambles because its expected. When the whole of platforms that aid the spread of crypto currency thereby leading to increase in activities was doing everything possible to frustrate the moves eg Facebook, Twitter and comments targeted against crypto currency without mentioning countries like China that have stifle the growth of crypto, no words of support from them was heard despite the amount of revenue coming to them by issuing licences and regulating activities, they were there hoping for miracles to happen or thought crypto market is solid enough for all of those attacks not to have any effect.
The simple truth is that if something is not done concerning the attacks on bitcoin, the revenue is expected to drop further and it would affect every businesses running with the aid of the currency from the gambling sites to the exchange sites etc.