01-01-2025, 04:30 PM
Quote:Macau Gaming Revenue Misses Estimate as Xi Visit Deters Bettors
By Shirley Zhao
January 1, 2025 at 1:18 PM GMT+8
Macau’s gaming revenue fell 2% in December, missing analysts’ expectations as scrutiny over gambling activities tightened during Chinese President Xi Jinping’s visit to the world’s biggest casino hub.
Gross gaming revenue reached 18.2 billion patacas ($2.3 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Wednesday. That compared with the median analyst estimate of a 2% year-on-year increase, and is still 20% lower than the pre-pandemic level in 2019.
https://www.bloomberg.com/news/articles/...rs-bettors