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Coronavirus wipes out business in gambling capital of the world
[FoxNews] Gross gaming revenue in Macao plunged 87.8% in February.beating the over/under! Gross gaming revenue in Macao fell 87.8 percent year-over-year in February to 3.1 billion patacas ($386.5 million), according to the Gaming Inspection & Coordination Bureau. The sharp drop came after the government on Feb. 4 ordered casino operators to shut down for 15 days to help prevent the spread of the coronavirus. February marked the second consecutive month that Macao was affected by the outbreak. Gross gaming revenue fell 11.3 percent year-over-year in January — to 22.1 billion patacas — after Macao was forced to close its borders to mainland China during the Jan. 24-30 Lunar New Year holiday, a particularly busy time for traveling in China. Macao, the only place where gambling is legal in China, receives about 76 percent of its revenue from the industry. Gross gaming revenue for 2019 was 292.5 billion patacas ($36.6 billion), more than three times the size of Clark County, Nevada, home of Las Vegas ($10.36 billion). Related: Coronavirus: 2020-03-01 Breaking: Iraq's PM-designate Allawi withdraws from post, prolonging deadlock Coronavirus: 2020-03-01 Pakistani-Canadian Wants COVID19 Sufferers To Infect Trump Rallies Coronavirus: 2020-03-01 CDC missteps could harm ability to track, detect coronavirus in US Posted by: Skidmark 2020-03-03 |
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