Macau's gamblers are hitting the tables again—and that's proving to be good news for the casinos serving them.
The city, the only place in China that allows gambling, has had a tough few years. Travel plunged as both Macau and mainland China, its largest source of visitors, imposed tough quarantine restrictions. Casino revenue crashed, dropping Macau below its U.S. rival, Las Vegas, for the first time in years. And a regulatory crackdown targeted the Chinese high-rollers that kept gaming companies flush with cash.
