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Macau casinos end worst year on record as gaming revenue sinks 79 per cent, outlook remains bleak



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Macau casinos ended their worst year on record with little sign of progress in a recovery, though hopes remain for a rebound in the world’s largest gambling hub later in 2021.Gross gaming revenue fell 66 per cent to 7.82 billion patacas (US$979 million) in December from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. That was roughly in line with the median analyst estimate for a 68 per cent decline, and follows a 71 per cent drop in November. Full-year…

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