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Macau gaming revenue misses expectations

August 2, 2021
Source: thestandard.com.hk thestandard.com.hk
News Snapshot:
Macau's gross gaming revenue rose 528.1 percent to 8.44 billion patacas (HK$8.19 billion) in July, missing expectations, partly due to Covid-19 flare-ups in mainland China. Revenue increased 29.2 percent month-on-month, but dropped 65.5 percent from the pre-pandemic level in 2019, data from the Gaming Inspection and Coordination Bureau showed. Progress in reopening the border with mainland China remains uneven. While Macau has removed quarantine requirements for visitors from the neighboring mainland province of Guangdong since July, a flareup of Covid cases elsewhere in China has triggered similar measures for Liaoning, Jiangsu and Sichuan and more stringent testing requirements for visitors...
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China Tech Buzz Topics: Casino | chairman | China | Covid-19 | data | education | entertainment | finance | financial | gambling | gaming | government | Guangdong | Hong Kong | IT | Jiangsu | JP Morgan | Liaoning | Macau | online game | Pandemic | revenue | school | sichuan

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