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Macau Gaming Income Falls to New Low on China Omicron Outbreaks

Macau’s gaming revenue slump deepened in April, plunging 68% from a year earlier to the lowest level in about 18 months as the world’s biggest gambling hub suffers from a tourist drought amid China’s Covid lockdown measures. 

Gross gaming revenue dropped to about 2.68 billion patacas ($331 million), according to the Gaming Inspection and Coordination Bureau. The results were slightly lower the median analyst estimate of a 66.5% year-on-year decline. In March, the city already reported a 56% drop in gaming revenue.