Investors wondering if it's time to cash out investments in Macau might be best advised to take their chips off the table, analysts told CNBC.
After years of explosive growth, the world's largest gambling destination has fallen upon tough times, with revenue growth stalling, labor costs rising and share prices falling.
The gambling hub's mass market revenue growth slowed to 16 percent on-year in July, compared with June's 24 percent rise. Meanwhile revenue growth in the VIP high roller sector - which accounts for over 70 percent of Macau revenue - dipped to 13 percent on-year in July versus 17 percent in June.
"Is the boom starting to fade? There are concerns that it may be," said Uwe Parpart, chief strategist and head of research at Reorient Group.
Parpart highlighted a number of headwinds including the impacts of China's ongoing anti-corruption drive and the consequential crackdown on junkets - also known as VIP room promoters - who provide high-rolling players with credit at the casinos.
A total of 63,000 officials have been disciplined this year along, a 34 percent increase on 2013, according to Chinese media reports, and it's believed this had a direct impact on gambling appetite.
"There is also a feeling that saturation may have been reached, combined with the growing attraction of other Asian casinos. Macau's glitzy charms are being duplicated in casinos in Malaysia, the Philippines and Singapore in particular," added Parpart.