Macau Casinos Face Weakest Post-Reopening Quarter as World Cup and Low Hold Rates Weigh

The 3 months to June 30 were arguably Macau’s toughest quarter since the city reopened to normal tourism business in January 2023 after the Covid-19 pandemic, according to fresh commentary from Citi on the local casino sector. The bank said gross gaming revenue was hit by the FIFA World Cup and by extremely unfavourab…