Macau Casino Rebound Shows Travel Is Bright Spot Amid China’s Woes
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Macau’s casino recovery is sustaining momentum, with gaming revenue in August rising 686% from a year earlier to the highest since January 2020, adding to signs that spending on travel and experiences is weathering consumer concerns about China’s economic slowdown.
Gross gaming revenue reached 17.2 billion patacas ($2.1 billion), according to data released by the Gaming Inspection and Coordination Bureau. The result beats the median analyst estimate of a 678% increase, and has returned to 71% of the 2019 levels.