Economic value of Macau gaming industry falls as a result of coronavirus

The over 40 casinos in Macau reportedly saw their combined 2020 contribution to the local economy drop by 79.6% year-on-year to around $5.22 billion as the coronavirus pandemic sent visitor numbers plummeting. According to a report from Inside Asian Gaming citing official information from the enclave’s Statistics and Census Bureau, the gross surplus held by the nine entities licensed to operate some form of gaming in Macau in 2020 decreased by 87.9% year-on-year to about $2.76 billion.…

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