Macau posted an 82.5% year-on-year rise in gambling revenue to $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 casinos had launched under 20-year contracts in 2002, raking in billions of dollars and turning a sleepy fishing village into a glitzy boomtown.
The new contracts, with more government oversight and control, were struck after COVID-19 restrictions decimated Macau's gambling revenues and sent net debt soaring. The industry had its worst revenue performance on record in 2022. as to whether they can successfully deliver on a government mandate to increase non-gaming revenues to more than 30% versus of the total versus an average of 5% pre-COVID.Rob Goldstein, chairman and chief executive of Las Vegas Sands
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Of Warships: Legends Brings In Azur Lane For The Lunar New YearWorld Of Warships: Legends will have a new crossover with Azur Lane as the latest update brings in new Lunar New Year content. WorldOfWarships WoWsL
Read more »
Man who disarmed Monterey Park gunman honored at local Lunar New Year festivalThe 26-year-old man who disarmed the Monterey Park, California, mass shooting suspect was honored at a Lunar New Year festival Sunday.
Read more »
Man who disarmed Monterey Park gunman honored at local Lunar New Year festivalMONTEREY PARK, Calif. — The 26-year-old man who disarmed the Monterey Park, California, mass shooting suspect has been honored at a local Lunar New Year festival.
Read more »
Lunar New Year: Free walking tours educate visitors, locals about San Francisco ChinatownEach year, thousands of locals and tourists visit San Francisco's Chinatown, especially during Lunar New Year. But outside of what they see, how much do people really know about one of the city's oldest neighborhoods?
Read more »
China stocks are close to bull market highs after returning from Lunar New Year breakChina's onshore A-shares were hovering close to bull market territory on Monday, the first day after returning from the Lunar New Year holiday.
Read more »