HONG KONG (Reuters) – Macau’s economy contracted by 23.4% in the fourth quarter compared with the same period a year earlier, government statistics data showed on Friday. Tourist arrivals plunged 31.5% year-on-year…
By Farah Master HONG KONG – Plunging casino revenues in Macau, the world’s largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down…