Lady Retiree In Sibu Loses Over Rm260,000 To Macau Scam

The newest numbers show an early sign of recovery for the gaming hub, just after the city’s gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lowerthan pre-pandemic levels, representing the worst month ever since records started in 2009. The prolonged visitor drought has accelerated a liquidity crunch at Macau’s six casino operators, which are bleeding millions of dollars a day. The continued income slump comes as casinos submit bids to renew their operating licenses, with new 10-year terms beginning January. A new legal requirement unveiled in the final few weeks introduces a minimum revenue … Read more