HONG KONG, Feb 1 (Reuters) – Macau posted an 82.5% year-on-year rise in gambling revenue to 11.6 billion patacas ($1.4 billion) in January, after the world’s biggest gambling hub had nearly half a million visitor arrivals over the week-long Lunar New Year holiday.
The crowds were the biggest in more than three years, but January’s revenue was still less than half of the Lunar New Year period in 2019 prior to the COVID-19 outbreak, according to data released by Macau’s government on Wednesday.
Still investors took cheer, sending shares in Macau casinos up between 3% to 5%, while executives and analysts said it was an encouraging sign of a solid recovery to come.
A special administrative region of China, Macau has seen a resurgence of tour…
Read the full article at: https://www.reuters.com/business/macau-casino-revenues-surge-jan-after-covid-rules-lifted-2023-02-01/