Good News!
How it can be a good news? Gave you tried to read the thread or the visited the news link?
Macau's gross gaming revenue failed to reach analysts expectations in May leading to several casino operators experiencing a decline to their share values.
Macau's gambling commission, The Gaming Inspection and Coordination Bureau, showed in its latest monthly report for May that gross revenue from games of fortune only totalled $3.15 billion during the month. Despite the revenue being higher than the $2.82 billion it registered during the same period last year, it more importantly came in well below analysts expectations for the month.
https://www.gamblinginsider.com/news/5360/macau-casino-stocks-slip-after-may-revenue-reportThe decline is just for a month and technically we can't really call it a decline. It has just failed to reach the expectation of the market analysts. What important is that, it has accounted growth of 0.33 billion usd on yoy basis. That is certainly not a decline in growth. These businesses run on various factors and usually see decline and growth at various times of the year. I am sure it will grow in coming months especially during October to December as it is the season for tourists.