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Macau's Losing Streak Extends To 15 Months

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According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of August came in at 18.6 billion patacas, about 35.5 percent lower than August 2014.

Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM) and Wynn Resorts, Limited (NASDAQ: WYNN) all opened down on Tuesday following the news.

Has Macau Found A Bottom?

August marks the fifteenth consecutive month of negative gaming revenue growth in Macau, but...