Macau rides Covid storm


Source: thestandard.com.hk thestandard.com.hk

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Macau's gaming income exceeded expectations last month after the SAR moved quickly to control a Covid-19 flareup that threatened a much-anticipated summer travel boost. Gross gaming revenue rose 234 percent to 4.4 billion patacas (HK$4.27 billion), according to the Gaming Inspection and Coordination Bureau. But revenue fell 47 percent from July and was down 82 percent on the pre-pandemic level in 2019. Wynn Macau (1128) andMelco International Development (0200) increased handily after the figures were released. Macauclosedsome entertainment and leisure venues in the first half of last month, and tightened border restrictions after reporting its first cluster of local cases...