Macau Casino Stocks Plunge To Five Year Low Amid COVID Travel Restrictions
“Even though Macau, an autonomous region on the south coast of China, known for giant casinos, is reopened, visitation to the popular destination area from 6 to 12 August was 78% lower than in July. “”The estimated GGR for the first 15 days of August combined is 87% lower than August 2019 and 62% below July 2021 at $193 million. “”
“Strict social distancing measures also limit people flows around the Mainland, which limits domestic leisure travel and spending during the summer holidays.”
The critical understanding is the emergence of the virus is slowing the global economy once more.”