Macau Casinos Will be Indebted to the Tune of $25 Bi...
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Macau casinos will be indebted to the tune of $25 billion by the end of the year. The net debt of six casinos in Macau is expected to rise to $27 billion in 2024. China's strict travel bans have hampered Macao's economic recovery.
Macau Casinos will be indebted to the tune of $25 billion. If China's travel restrictions are extended until late 2023, Macau's net debt might reach $27 billion by end-2023. Mass revenue might be just 50% in 2019, compared to 95% assumption. Maca's economy has been in need of a revival since 2020.
Macau Casinos will be indebted to the tune of $25 billion. Long-term projections of Macau's operators are well-positioned to operate for more than two years. Macao had 655,505 tourists in February of this year, a decrease from the 3.5 million in the previous February.
