M acau’s gross gaming revenue fell to MOP2.19 billion in August, a plunge of 50.7% year-on-year, as the city struggles with the aftermath of its largest outbreak yet that led to a new low in revenues in July. Data from the Gaming Inspection and Coordination Bureau (DICJ) shows a continuous decline since March due to outbreaks in the mainland, leading to lockdowns and strict border restrictions. August’s revenues are worse than the median analyst estimates of a 47.5% year-on-year decline, yet represent a surge of over five times from July, albeit from a low base of MOP398 million – the...