Chart: Tight correlation between Macau gaming revenue and Chinese economy22 May, 2012, 13:37. Posted by Zarathustra
Tags: Macau gaming
Reuters is reporting that perhaps Macau’s gaming revenue growth could fall to 11% year-on-year in May.
Below is a chart of Macau gross gaming revenue growth and China’s GDP growth (%yoy, real). This shows a pretty tight correlation between Macau gaming revenue and the Chinese economy, although it is much less clear as to whether Macau gaming revenue is a useful leading indicator.
Source: Gaming Inspection and Coordination Bureau, Statistics and Census Service, National Bureau of Statistics