Macau

Macau’s casinos broke their prolonged losing streak in August, posting their first year-on-year gaming revenue gains in 26 months. The positive momentum has continued for four months now, offering operators further hope that their long jurisdictional nightmare is finally behind them.

The tepid 2016 Macau recovery may have topped on December 8th. It was earlier this month that Beijing decided to go after the Macau mass market on top of already practically destroying the VIP market, this by limiting ATM withdrawals by half.

Two Singaporean investors have learned the hard lesson that, when it comes to investing in Macau casino VIP gaming rooms, the rule is ‘trust, but verify.’