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Macau to reopen after Covid sinks gaming revenue to record low

August 2, 2022
Source: bilyonaryo.com bilyonaryo.com
News Snapshot:
Macau was set to remove most coronavirus restrictions on Tuesday after the casino hub’s gaming revenue hit its lowest level on record. The former Portuguese colony is the only territory in China where casinos are allowed, and its multi-billion-dollar gaming industry was until recently bigger than Las Vegas. But the sector has taken a kicking in recent years, not only from the coronavirus pandemic but also from a Beijing-directed anti-corruption crackdown. Gross gaming revenue fell to 398 million patacas (US$49 million) in July, the lowest since records began in 2009, according to the city’s Gaming Inspection and Coordination Bureau. It...
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China Tech Buzz Topics: Beijing | Bloomberg | Casino | China | coronavirus | corruption | Covid-19 | crackdown | Dollar | gambling | gaming | government | IT | Las Vegas | legal | Macau | online game | Pandemic | Portugal | revenue | Three | travel

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