Macau Casinos See Another Dismal Month as China Lockdowns Widens
- Gross gaming revenue falls 49.6% in September to $366 million
- Lockdowns in China ahead of Party Congress scare off tourists
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Macau’s slowdown extended into September, with gaming revenue falling 49.6% as China’s snap lockdowns to control Covid-19 outbreaks discouraged tourists from visiting the gambling hub.
Gross gaming revenue dropped to 2.96 billion patacas ($366 million), according to data released by the Gaming Inspection and Coordination Bureau. The results were in line with the median analyst estimate of a 50% year-on-year decline, extending a slump that started in March.