“It is one Covid case away from shutting back down.” “Macau still remains a conundrum over when it will fully reopen,” says Bussmann. The last time the government shut down casinos in Macau was a 12-day period in July. China’s Covid policy is still a threat to the gaming industry. “We’re at a collapsed point, but there’s only one place to go, which is up.” MORE FROM FORBES Nevada Gaming Wins Exceed $1 Billion For 17th Straight Month By Will YakowiczĬasinos in the former Portuguese colony are now open and functioning, but the Asian gambling capital is nowhere close to a recovery. “Vegas came back just as Macau will come back it’s just a matter of time,” says Bussmann. The current pecking order with Vegas on top is strictly due to incredible circumstances. Brendan Bussmann, the managing partner of B Global, a consulting firm focused on gaming and hospitality, says a healthy Macanese casino economy has historically been three times the size of Vegas. But no one believes that reign will last long. It took a lethal, highly contagious virus and strict government regulations from China, but Vegas is currently king of the casino industry.
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