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Macau Gaming Income Falls to 18-Month Low on China Lockdowns

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Macau’s gaming revenue plunged 56% in March to the lowest level in 18 months, as a worsening Covid-19 outbreak in China battered tourism in the world’s largest gambling hub. 

Gross gaming revenue was 3.67 billion patacas ($455 million), according to the Gaming Inspection and Coordination Bureau, the lowest since September in 2020. The results were slightly worse than the median analyst estimate of a 55% year-on-year decline and sent down shares of casino operators.