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The Covid-19-mandated lockdown of global casinos is one of the biggest crises the industry has had to face and getting the reopening right once the pandemic subsides is also going to present a major challenge.
Macau’s gross gambling revenue dropped 3.2 percent in October, slightly worse than the consensus forecasts from analysts.
Macau’s economy is likely to shrink this year and remain in negative territory until 2022, according to the International Monetary Fund.
Macau Legend has provided more information as to why it took an impairment charge of HK$681.9 million ($86.9 million) in its 2018 results, saying it was mostly due to slower-than-expected performance at its Macau Fisherman’s Wharf property.