Macao's Recovery Has Already Begun
Few industries have been hit as hard by COVID-19 in 2020 than gambling in Macao, the world's largest gambling market. Casino revenue was down as much as 97% versus a year ago, hitting a low in June as lockdowns across Asia and travel restrictions to and from China and Hong Kong hit their peak.
Recently, there's been some thawing in the flow of visitors to Macao. Gambling revenue tripled between June 2020 and September 2020, albeit from a very low base, but the industry has to start somewhere. Now that Golden Week has passed, we've seen that the recovery is picking up pace.
Image source: Getty Images.
Source Fool.com