The latest reports of gaming revenues from Macau show the gambling city continues to fall short of revenue estimates, with 22 consecutive months of declines. The Macau Gaming Inspection and Coordination Bureau revealed data from February, showing Macau gross gaming revenue at a 16.3% decrease to $2.3 billion.

Since around mid-2014, casinos of Macau have been in a downward spiral as the anti-corruption campaign of China has resulted in less visitors to the area’s casinos. The high rollers have stayed away due to the slower economy and operators are doing all that they can to try and entice visitors, even moving away from focusing on gambling and considering non-gaming amenities. The Melco Crown Entertainment group as well as the Galaxy Entertainment Group have both opened new resorts to try and bring in visitors who are traveling on holiday rather than focus on the locals.

Based on reported figures, the six gambling houses of Macau have seen around $46 billion in market value stripped but most have been able to see their shares rebound in 2016. Short term rebounds have been off and on in Macau, but the gaming city has shown signs of recovery, with many analysts reporting that the city could be back on top again by mid-2017.

Lunar New Year results were found to be better than estimated so investors feel that casino companies will be able to see an improvement in the first-quarter profit earnings. However, revenues during this time frame are no better when compared to the previous quarter.

Later on this year, the Sands China Ltd and the Wynn Macau Ltd resorts will be opening and could possibly help with earnings generated. New casinos last year showed disappointing results so many analysts as well as casino operators are anxious to see how the new billion dollar resorts set to open this year will fare.

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