GAMBLING revenue in the Chinese territory of Macao plummeted 38.8 percent in April from a year earlier, the 11th consecutive monthly fall as wealthy gamblers steered clear of the country’s only legal casino hub.

    A crackdown on corruption in China, which targets the illicit outflow of money from China, has slammed revenues in the world’s biggest gambling hub.

    While Macao’s revenues still remain close to 6 times that of Las Vegas, the slowdown is highly visible within the former Portuguese colony’s 35 casinos.

    Gambling revenue fell to 19.167 billion patacas (US$2.40 billion) in April, from 31.318 billion patacas a year earlier, according to data released by the Macao government yesterday.

    Analysts were expecting a decline of around 38-40 percent.(SD-Agencies)