Since surprise closures in China to contain the COVID-19 epidemic prevented travellers from visiting the gambling hub, the shutdown in Macau lasted until last September and caused a 49.6% drop in gambling revenue.
Additionally, the “Bloomberg” news agency reported today, Saturday, that 2.
according to data released by the “Gaming Inspection and Coordination Office,” 96 billion patacas (366 million dollars), and the outcomes are consistent with the average analyst prediction of a reduction of 50% year over year. in the ongoing economic downturn that started in March.
Although revenues are up 35% from the prior month, they are still 87% below pre-pandemic levels for 2019.
Because of China’s lockdowns, Macau’s economy is still in decline.
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