luxor vegas news
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The five-day Labor Day holiday starting May 1 will be a key test for the Macau gaming industry’s ability to withstand China’s broader slowdown and weak consumer sentiment. He noted that the VIP suite services that Macau casinos used to provide have ceased. Post-new gaming laws, the licensed agents providing such services has dwindled to just 36, a far cry from the 300 during the casinos' heyday. A gauge of Macau casino stocks rose for a 12th straight day on Friday, its best streak since February 2021 and taking the index to the highest since October. Macau Legend Development's share price plunged by as much as 30% in Hong Kong on Monday. Gross gaming receipts rose 16 percent to 21.4 billion patacas (USD2.7 billion) in September, according to data released by Macau’s Gaming Inspection and Coordination Bureau on Sunday. It was the 14th consecutive month of expansion, and compares with the median estimate for a 14 percent increase in a Bloomberg survey of nine analysts. Gaming revenue climbed 20 percent in August from a year earlier. found it.
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