Hollywood stars including Leonardo DiCaprio are set to launch Macau's newest $3.2 billion casino and entertainment resort, as the southern Chinese enclave's high-roller gambling business takes a hit from China's corruption crackdown.
A day before the official launch of Studio City, developers of what is billed as an "integrated resort" said Monday they are bullish about the future despite the slumping gaming revenues.
Macau in September saw its 16th consecutive month of declining gaming revenue, 33 percent lower than the same month last year, as Beijing encourages the territory to diversify from gambling and reins in high-rolling visitors from the Chinese mainland.
Gross revenue for September was 17.13 billion patacas ($2.15 billion), according to figures from the former Portuguese colony's Gaming Inspection and Coordination Bureau.
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