Ma­cao casi­nos hit as high rollers stay away

China Daily (Canada) - - BUSINESS -

Ma­cao’s casino rev­enue fell for the 18th straight month in­Novem­ber, as the Chi­nese gov­ern­ment’s moves to curb il­licit money flows from the main­land de­terred the high-stakes play­ers who rely on jun­ket pro­mot­ers for bet­ting loans. Gross gam­ing rev­enue fell 32.3 per­cent month-on­month to 16.4 bil­lion pat­a­cas ($2.1 bil­lion), tak­ing the over­all fall so far this year to 35.3 per­cent. that mem­bers of the as­so­ci­a­tion rep­re­sent­ing its reser­va­tions and gate agents had ap­proved a new­five-year con­tract that in­cludes “im­me­di­ate and sig­nif­i­cant pay raises”. The world’s largest air­line had agreed in Septem­ber to a ten­ta­tive con­tract that was put to vote with the unions that jointly rep­re­sent the work­ers.

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