Down 35.5% from a year earlier. August marked 15 consecutive months of year-over-year decline in GGR.

Considering August figures, the cumulative Macau GGR of MOP 158.88 billion in the year to August 2015 was down nearly 36% year-on-year, but the only 1% increase was the y-o-y decline.

After the official report was released and the figures were released, the Macau government announced the implementation of austerity measures to “control public spending.” By reducing government spending, officials expect to save 1.4 billion MOPs. Two measures included in the austerity plan are to freeze 10% of the budget investment plan, as well as 5% of the budget expenditure on purchases of daily necessities.

Macau’s government has been able to cope with “unexpected economic fluctuations” thanks to “stable financial conditions and a sound financial system,” officials said. It also stressed that strict austerity measures would not have any impact on social welfare.

Macau casino revenue continues to decline, and experts warn a 30-40% decline in yoy calculations. To help the struggling gambling industry, the government has introduced a light visa rule that requires more players to be drawn to the region. 바카라

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