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   Thursday, June 08 2023 
Casino of Macao: Shy beginning of resumption

The economic crisis which affected and which continues to get any business sector in the world did not spare casinos of Macao. But the tendency is on the way to reverse in favour of casinos of the island. Foreign and local investors can be delighted of the big good economic health of China after the period of recession. This economic situation of the most populated country in the world incites more and more Chinese to go to the Asian Las Vegas. The growth of about 8 % which China knew during the second quarter 2008 was felt at once by the industry of casino of the former Portuguese colony, they indeed made their best recipe on August of the same year.

But compared with August 2009, the month which has just passed by was the beginning of the fair period for casinos and casino operators, because the incomes of last August was increased by 17 % compared to the same period of 2008. As example: Venetian, with its around thirty casinos won more than 1.4 billion dollars. These figures recorded at present are similar to the results of January, 2008, before the economic crisis. The world economic recession, further to the crisis of the credit market in the United States which the planet knew did not spare China and casinos of Macao. These last ones knew a strong decline of their frequenting which had repercussions on gross product of game. But further to the reflation started since a few months by G8, casinos of Macao begin to perform. The city of dreams has moreover just inaugurated more than 500 gaming tables.

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