Analysts have been concerned about the bottom-line impact of the severe weather experienced in the month by Macao, which was battered by a typhoon and heavy rain.
Prof. Davis Fong
Macao’s concessionaires will have to increase their spending on non-gaming facilities if gross gaming revenue crosses a certain threshold this year.
However, the figure for August is still only 71 percent of the sum registered for the same month in 2019, the last year before the Covid-19 pandemic.
However, Prof. Davis Fong of the University of Macau cautions that the territory still faces headwinds and notes that tourists are spending less.
