China

Chinese government’s travel directive may render Australia’s Barangaroo project ‘White Elephant’

The Chinese government’s newly announced directive that urges its citizens not to travel to Australia threatens to render the under construction $2.2 billion casino complex project on Sydney harbor a “White Elephant”, industry experts warned.

Macau suffers more than 93% decline in Gross Gaming Revenue in May due to lockdown

Macau, the Las Vegas of Asia, continued to experience the brunt of COVID-19-induced prolonged lockdown as its gross gaming revenue (GGR) slipped 93.2 per cent in May. Strict travel controls continued to impede the Special Administrative Region’s recovery efforts and even with relaxation for specific regions, Macau casinos are waiting to welcome crowds at pre COVID-19 levels.