Macau hits a new five year low in November

Despite the new Studio City casino resort, Macau gaming revenue fell to a five year low in November. The 32.2 percent plunge, the 18th straight monthly fall on a year-on-year basis, leaves observers wondering about Macau’s way out of its woes.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Tags: China economy, Fernando Chui Sai-on, Forbes.com, Galaxy Entertainment, Hong Kong On Air, Macau, Macau casinos, Macau policy address, Melco Crown, Steve Wynn, Studio City, Wynn Palace, Xi Jinping