Makes sense. Macao is fairly underwhelming when compared to Vegas. Chinese must be gambling elsewhere.
https://www.fool.com/investing/2018/11/04/the-difference-bet...
https://www.businessinsider.com/how-people-use-macau-to-laun...
But if you have actually been, it is quite underwhelming in scale compared to Vegas. Though certainly less low-lifes hanging around than Vegas, and much more cleaned up. To be fair, Vegas had decades to build up its now empty hotels.