Macau gaming revenues dive 94.5% in August despite looser Covid-19 curbs


Source: straitstimes.com straitstimes.com

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HONG KONG (REUTERS) - Gambling revenue in Macau plunged 94.5 per cent in August year-on-year with casinos reeling from a lack of visitors to the world's biggest casino hub, despite a loosening of quarantine restrictions which have only seen a modest rise in gamblers. August's revenue figure of 1.3 billion patacas (S$221.5 million) was in-line with analysts' expectations of a drop of around 95 per cent. China has announced that tourist visas, through which a majority of visitors enter Macau, would be reinstated for all provinces from Sept 23. Residents from the neighbouring coastal province of Guangdong have already been...