Macau's gambling revenue falls 37 percent in May

HONG KONG, June 1 (Reuters) - Gambling revenue in the Chinese territory of Macau plummeted 37 percent in May, marking one year of consecutive declines as wealthy gamblers continued to steer clear of the country's only legal casino hub.

Revenue in the world's biggest gambling centre, which earns over 5 times more than Las Vegas, has been falling since President Xi Jinping began a crackdown on corruption targeting the illicit outflow of money from China.

Gambling revenue fell to 20.3 billion patacas ($2.5 billion) in May from 32.4 billion patacas a year earlier, showed data released by the Macau government on Monday. Analysts were expecting a decline of around 38 percent.

(Reporting by Farah Master; Editing by Christopher Cushing)