The CEO of Macau, Edmund Ho, has warned that gaming revenues in the enclave could fall next year because of the global economic slowdown.
"We can’t be too optimistic about next year’s economic development," he told the South China Morning Post. "It will not be surprising if income from some sectors, such as the gaming industry, records negative growth next year, as it had grown at a high speed in the past."
The economic slowdown has been felt already in Macau. Earlier this year, Galaxy Entertainment laid off a number of croupiers.
