NEW YORK (TheStreet) -- Macau is on a losing streak. 

China's gambling city and casino hub saw its gross gaming revenue fall to its lowest level in four years.

For June, revenue dropped 36.2% to $2.2 billion dollars. China's slowing economy and government crackdown on corruption have both been blamed for Macau's drastic slowdown.

Revenue has now fallen for 13 months straight but the numbers are still better than initially predicted.

Analysts had been expecting to see revenue declines of 39-40%.

Investors are now speculating that government easing of visa restrictions will help to boost the flagging market.

Back in February Macau saw its worst monthly drop ever, with revenue plummeting 48.6%.

From July 1st, visitors from mainland China will be able to stay in Macau for longer and visit more frequently.

New visa regulations will allow visitors second entry to Macau within 30 days as opposed to 60 and can now stay for 7 days at a time, up from 5.

Casino operators remain nervous about the government's proposed smoking ban which will also be enforced in VIP rooms.

Analysts are predicting that the ban could damage VIP revenue by 10% to 25%.

The Chinese government has continued its efforts to promote Macau as a holiday destination that doesn't revolve entirely around gambling.

Melcro Crown Entertainment (MPEL) will open studio city towards the end of 2015 which will feature a large scale Batman ride and Asia's biggest Ferris Wheel.

The venue enlisted the services of Hollywood big shots Robert de Niro and Leonardo DiCaprio to front its large scale, promotional ad campaign.

Last month saw the debut of Galaxy Resorts Phase II and Broadway, a project that has added additional hotels to the city and pioneered the world's largest wave pool.

Macau still earns at least five times more revenue than Las Vegas but still relies on the gambling industry for over 80% of its revenue.