Macao Gambling Revenue Surges on Holiday Tourism Boom

What’s new: Macao’s economic recovery has taken hold after the reopening of borders with the mainland and Hong Kong earlier this year, notably marked by a swift resurgence in gaming industry revenue.

Revenues of casinos in the special administrative region grew 400% year-on-year to 19.5 billion patacas ($2.4 billion) in October, according to data released by the Gaming Inspection and Coordination Bureau on Wednesday.