On June 23rd 2015, it was reported that the losing streak of Macau is set to continue. The gambling revenue of Macau could fall in June by as much as 30 to 40% annually to $2 billion according to Cameron McKnight an analyst from Wells Fargo. This will then be the lowest for any month in 4 year time frame.
From June 2014, the gambling revenue in Macau has fallen each month year on year, which is then the worst period that they have experienced since they allowed foreign casinos in 2002.
Even though McKnight expects a flat recovery to come soon, he stands for now that Macau is a new norm of one that has lower growth in combination with tighter government oversight and a slow economic growth in China.
The shares of Las Vegas Sands were down in stocks and had fallen 40% from a six year high at 88.28 in March 2014.
Wynn Resorts fell 60% from their high of 249.31 in March 2014.
MGM Resorts International was up by 1% on Tuesday, but was down by 33% from their high of 28.75 in March 2014.