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Macau Gaming Revenue Up After Reopening

August 16, 2022


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Macau Gaming Revenue Up After Reopening

After the recent border reopening in China, Macau casinos have reported increased visitation boosting revenue. Last week casinos showed an increased in gross gaming revenue (GGR) of 120% for $10 million, doubling the prior week of $4.5 million. There is still a ways to go for Macau to get back to their pre-Covid levels but it is a good start for China gaming stocks such as, Las Vegas Sands (LVS), Melco Resorts & Entertainment Ltd (MLCO), and Wynn Resorts (WYNN).

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