Will Aussies return to Macau's gaming floors once again?

For many years, Australians flocked to Hong Kong and Macau, drawn by the allure of a small wager. In addition, around 2,000 Australians settled in Macau, likely relying on the local casino sector. Before the pandemic hit, Macau was the uncontested gambling metropolis, with gaming revenues outshining even Las Vegas annually. casinos Despite its status as a casino hub, the outlook in Macau appears grim due to stringent zero-COVID policies from Chinese authorities. Although Las Vegas was affected similarly, it has rebounded with monthly revenues surpassing $1 billion since March 2021. Conversely, Macau has faced ongoing lockdowns, keeping both Chinese and global tourists away from its venues.

The prevailing question for Macau's residents remains: When will life regain its pre-pandemic normality? Amidst strict safety regulations in July 2022, tourists have not returned. Before the outbreak, most would visit for a few days, now hindered by a mandatory 14-day quarantine - longer than most visitors wish to spend.

Presently, Macau admits only visitors from Hong Kong, Taiwan, and Mainland China, shutting doors to others irrespective of their vaccination status - a financial hit to landmarks like the Grand Lisboa and Galaxy casinos.

These health measures have been detrimental to Macau's casino market, yet another adversary is Mainland China's regulatory stance towards gambling. Illegal across most of China, gambling is viewed as harmful, especially due to historic capital flight via wealthy Chinese gaming patrons. This crackdown on gambling tourism has notably undercut Macau's fiscal strength.

So tourists stay away from the Roulette tables and the pokies The accumulation of these issues has left Macau's gambling establishments grappling for survival. Will the once-renowned gaming haven reign supreme again? Only time will tell.

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