Macau March Casino Revenue Beats Estimates, Boosted by Holiday.

Macau's gaming revenue in March exceeded analyst estimates, with gross gaming revenue rising 53% from the previous year to 19.5 billion patacas ($2.4 billion). This represents about 75% of the pre-pandemic level in March 2019. The surge in revenue was boosted by the four-day Easter holiday in Hong Kong, which is Macau's second-largest source of tourists. However, Macau's post-Covid recovery has slowed as China's economic growth loses momentum. Rising costs and slowing growth are expected to put pressure on casino operators' profitability this year. [Extracted from the article]