Telsey says graft blitz curbing mass-market gaming

Telsey Advisory Group says the slowing of growth in mass-market gaming revenue in Macau’s casinos last month indicates that the mainland’s campaign against corruption is hobbling not only the VIP gaming market. A Telsey Advisory Group note says measures that the mainland government has taken to counter money-laundering, suspicious money transfers and lavish spending by its officials have done more to deter mainlanders from gambling in Macau than any of the other recent hindrances to gaming market growth. The note says that the mainlanders that do come to gamble in Macau are betting less at the baccarat tables. It says some mainlanders are gambling elsewhere – Las Vegas, for instance.