Macao casinos hit as high rollers stay away
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.