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mgm grand casino hotel springfield maAnalysts badly underestimated an August decline in Macau gaming revenue. Beijing fired back with tariffs on billion worth of American imports.Both countries have incentive to ameliorate the tariff situation. It was also the fifth month of this year where GGR tumbled there on a year-over-year basis, and the worst monthly decrease in percentage terms, using year-over-year comparisons.A slowing Chinese economy, Typhoon Lekima, and the protests in Hong Kong are all believed to have held back traffic at Macau casinos during the month,” according to Seeking Alpha.Year-to-date, Macau GGR stands at .50 billion through the end of August, almost two percent lower than where it was at this time last year.What’s Plaguing Macau?Ongoing pro-democracy protests in Hong Kong have also been cited as a reason for the decline in August gaming activity in Macau.  the country’s markets to outside investors as part of a plan to earn a promotion to emerging markets status. Prior to the release of that report, analysts forecast an August decline of two percent to six percent.August was the third-worst month of 2019 to date for Macau gaming turnover, trailing only April and June. Beijing fired back with tariffs on billion worth of American imports.Both countries have incentive to ameliorate the tariff situation. golden palace casino pecq