Macau's casino industry has lost more than $100 billion in the past 18 months due to anti-corruption crackdowns, which have scared high-salaried people and caused Macau's gambling market to slump significantly. The market has yet to recover, and gambling analysts predict the market slump will continue into 2016 as Beijing has no plans to ease its anti-corruption crackdown.

Melco Crown Entertainment Ltd. has invested $3.2 billion to build a mega-casino resort that is expected to generate significant revenue for Studio City and decided to change its strategy to adapt to the new market as current market scenarios and tourism prices fall for the first time in 12 years.

Studio City was originally scheduled to be promoted to a five-star hotel, but after careful consideration, it decided to downgrade it and launch it as a four-star hotel. The plan change is intended to accommodate a new strategy that the Macau government wants to implement, attracting more tourists and developing it into a family.

Melco Crown Entertainment Ltd. described the new strategy as "best suited to Macau's policy of diversifying accommodation and tourism products." Casinos and hotels in Macau used to be frequented by VIP gamblers who had no problem spending huge amounts of money on accommodation and entertainment.

According to the Macau Hotel Association, the average hotel room price in Macau from January to August 2015 is estimated to be about $189 (MOP1,512) per night. Compared to the same period in 2014, average hotel room prices fell 5.4%, and casinos may have to lower prices further as gamblers from mainland China have tended to prefer to travel to neighboring countries such as the Philippines, Korea, and Vietnam. 온라인카지노

From January to August 2015, the average occupancy rate of Macau hotels was 79.5%, down 7% from the same period in 2014. From January to August 2015, 6.75 million visitors stayed at Macau hotels and guesthouses, down 6.4% from 2014.

According to a statement from the Statistical Research Service, the tourist price index fell 2.7% year-on-year. Tourist prices have fallen because both accommodation and shopping costs designed to encourage consumption in Macau have been low.