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Macau’s Global Gambling Crown Slips With Chinese Staying Home

(Bloomberg) — Macau casinos’ gaming revenue is expected to show only an incremental improvement for September after plunging more than 90% for five consecutive months, even after travel and visa curbs have been gradually relaxed by China.



a large long train on a steel track: The Venetian Macao resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., left, and the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd., stands in Macau, China, on Tuesday, March 3, 2020. Casinos in Macau, the Chinese territory that's the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help contain the deadly coronavirus outbreak.


© Bloomberg
The Venetian Macao resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., left, and the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd., stands in Macau, China, on Tuesday, March 3, 2020. Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help contain the deadly coronavirus outbreak.

The monthly data for the world’s largest gambling enclave will be reported on Oct. 1, according to the Gaming Inspection & Coordination Bureau website.

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