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Credit: Flickr/ Gavin Anderson Advertisement In Macau, a special administrative region (SAR) of China known for its gambling industry, more than 80 percent of local revenues are earned by the operation of casinos or gambling-related businesses. However, due to the outbreak of the COVID-19 pandemic, Macau hosted just around 3 million tourists in January and February, down 56.9 percent year on year. Gambling revenue plunged by 79.7 percent year-on-year in March. The significant drop in gambling-related earnings has been largely attributed to both Macau’s proximity to mainland China, where the outbreak of COVID-19 originated, and the Macau Government’s decision to...
