Macau casino revenues fall 56% in November
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Macau’s gambling industry revenue fell 56% in November compared to the same period last year to $374 million. Macau Daily Times. Compared to October, revenues fell by 23.1%. The deterioration in indicators was caused by the outflow of Chinese tourists due to increased quarantine measures and anti-covid restrictions on the mainland.
In the first 11 months of the year, total casino revenues totaled $4.8 billion, well below the government’s optimistic expectations of $16 billion. The current figure is also much lower than pre-pandemic revenue of $34 billion.
Gambling players are betting big on the future of Macau, planning to invest about $12 billion there. As part of the revision of the gambling law, the government requires bidders to submit proposals for future work in the field of corporate social responsibility in order to obtain a license.
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