Travel & Leisure
Macao casino revenue plunges 51% to 18-year low amid zero-COVID
Territory poised for recovery from 2022 slump as China eases pandemic curbs
The Grand Lisboa casino in Macao. The Chinese territory is one of the world's largest gambling hubs.
HONG KONG -- Casino revenue in Macao fell 51% to an 18-year low in 2022, as Beijing's zero-COVID restrictions kept away tourists from mainland China.
The tally of 42.1 billion patacas ($5.23 billion) represented just 14% of the amount logged in 2019, before the spread of the coronavirus.
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