Heard on the Street: The house always wins—that is, if there are any gamblers
Macau, the largest casino hub in the world, had another horrible month: gambling revenue there fell 80% from a year earlier in March.
That’s an improvement from the 88% fall in February—but Macau shut down its casinos for 15 days to contain the spread of the coronavirus that month, while they were open throughout all of March.
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