Macau casinos face delayed recovery amid citywide Covid-19 lockdown, high interest rate environment, rating companies say
Moody’s expects gross gaming revenue for the mass segment to reach only 30 per cent of 2019 levels, before rising to 70 per cent in 2023 A surge in Covid-19 cases and strict control measures are likely to delay a recovery this year and next, S&P says Macau’s casino industry faces a delayed recovery from…