Macau’s gaming revenue continues its free fall at 9.8 percent in May, much lower than the analysts’ estimates.

Gross gaming receipts plummets to MOP 18.4 billion ($2.3 billion), completing a two-year decline. Analysts predicted that the drop in Macau’s gaming revenue for this month is at 8 percent.

The latest figures released by Macau’s Gaming Inspection and Coordination Bureau reflects Macau’s ailing economy as a result of China’s corruption drive, which caused high-stakes gamblers to avoid the world’s largest gaming hub.

HongKong-based analysts noted that casino operators are now looking for new areas of growth outside Macau as the city state implements a stricter policy on the industry. Wynn Macau Ltd. and Sands China had already responded to the new police by focusing on tourists and recreational gamblers.