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Macau:Suspicious Casino Transactions Down 14.4 Percent

Macau:Suspicious Casino Transactions Down 14.4 Percent
Macau:Suspicious Casino Transactions Down 14.4 Percent

Suspicious casino transactions in Macau are down 14.4 percent in the first six months of 2019.

According to the figure’s released by the Financial Intelligence Office, the number of Suspicious Transaction Reports (STRs) issued by Macau’s casino operators fell 14.4% year-on-year.

Macau casinos reported a total of 966 cases suspicious transactions until June this year. For the same period the previous year, the number of suspicious transactions reported by Macau casinos was 1,128.

It should also be noted that there has been a significant 37.1 percent decline in suspicious transactions across all industries in Macau. The financial institutions have witnessed the highest decline in suspicious transactions as only 381 cases were reported in the first six months of 2019 while 617 cases were reported for the same period the previous year.

Macau casinos have also been recovering in terms of revenue after the earnings of casinos suffered for a long period due to the ongoing US-china trade war and slow down in the Chinese economy.

The recent figures released by Macau’s Gaming Inspection and Coordination, the gaming revenue jumped by 5.9 percent in June. It was the second consecutive month after April when the gaming revenue increased after a long period of decline.

After Macau casinos posted a second consecutive month of increased revenue shares of Macau casinos also went up in the market.

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About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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