Macau Gaming Revenue Soars to Post-Covid High on Holiday Boost.

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Macau's gaming revenue reached its highest level since the Covid-19 pandemic, with a 29.7% increase in May. This surge was driven by the "Golden Week" holiday and new travel permits for Chinese tourists. Macau experienced a significant increase in visitors during China's Labor Day holiday, with tourist arrivals returning to 76% of pre-pandemic levels. The ease of travel restrictions and favorable policies from the Chinese government have contributed to the boost in visitor numbers. Macau's affluent visitors are also showing a willingness to spend, according to analysts. The Bloomberg Intelligence index of Macau casino operators rose 4.57% in May. [Extracted from the article]

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