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Benzinga
Benzinga
Business
Wayne Duggan

Macau Gaming Revenue Drops 52.7% in March: Here's How To Play It

Macau John Murphy Nasdaq Bank of America Melco NYSE WYNN

Macau casino stocks traded higher on Friday despite a huge drop-off in gross gaming revenue in the month of March.

What Happened? On Friday, Macau reported March gross gaming revenue of MOP3,672bn ($455 million), down 55.8% year-over-year and 52.7% from February levels. The sharp decline was widely expected as China deals with ongoing widespread outbreaks of COVID-19.

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