Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.
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Macao's gaming revenue in November was $374.4 million, a 55.6 percent decline from November 2021. The region's 39 casinos made less money than they did a year earlier in February. Macao is handicapped by travel restrictions and border closures imposed to stop the spread of COVID-19. Las Vegas companies that have operations in Macau are pleased with the fact that their licensees received provisional concessions to continue operating in the Chinese enclave for the next 10 years.
Macao properties accounted for 58.6 percent of Sands' revenue in 2015. Macao's resorts produced $6.9 billion of the company's $11.7 billion in revenue. New rules say casinos in Macau will have to pay a 40 percent tax rate. The Review-Journal is owned by the Adelson family. Dr. Miriam Adelensh is majority shareholder of Las Vegas Sands Corp.
