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Macao gaming revenue slumps by 68 percent in May |

News Snapshot:

A view of the Cotai Strip is seen on April 10, 2020, in Macao. (Inside Asian Gaming) On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao’s Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao’s 41 casinos — including several owned and operated by three Las Vegas-based companies — reported revenue of $413,496 in May, a 68 percent decline from the $1.292 billion reported in May 2021. For the first five months of 2022, revenue is down 44 percent to $2.945…

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