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Crackdown on illegal money exchangers contributes to Macau GGR summer slump

Macau’s gaming industry could fall short of revenue estimates for July. JPMorgan analysts expect the city’s casinos to generate MOP18.5 billion (€2.1bn/£1.73bn/$2.25bn) in gross gaming revenue (GGR) this month. That would be just shy of the MOP19 billion forecast.