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After more than a decade of fast growth, casino revenue in global gambling hub Macao fell for the sixth straight month Under Armour Mens Shoes Sale , with October posting the worst drop at 23.2 percent.[Special coverage]

"In fact, the performance of the casinos was not so bad," Leong Man Ion, deputy director of the Gaming Inspection & Coordination Bureau, dismissing general concerns of how and where the decline will lead Macao's economy.

Official data show that despite the slump Under Armour Womens Shoes Sale , gambling revenues increased by 0.3 percent year on year to 328.2 billion patacas (about 41 billion U.S. dollars) in the first 11 months.

Macao continued to keep its existing capitalist system in line with the "one country, two systems" policy after it returned to the motherland in 1999. The central authority allowed the Special Administrative Region (SAR) to formulate policies on tourism and recreation on its own in the light of its overall interests, making it effectively retain its economic development course.

As the only place in China where casino gambling is legal, Macao's gaming sector has grown by 25 times in the last decade or so, boosted by opening up the sector to foreign competition in 2002.

"Such a growth rate is possible in the primary stage of development Under Armour Shoes Sale ," Leong said, however, like Las Vegas, once this industry becomes mature, it will see a new development model featuring slower and more steady growth.

"The slower growth of the gambling industry has offered an opportunity to develop non-gambling elements Cheap Under Armour Training Shoes ," said Leong, who predicted that the slump will continue until mid next year.

Analysts pointed out that as one of the fastest-developing region in the world, Macao is embracing a "new normal" situation, featuring a transfer from high growth rate to a medium and steady growth stage, which will accelerate the strategic adjustment of the economic structure and promote diversified development.

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