BUSINESS Macao's gaming revenue plunges by 96.8 pct in April

BUSINESS

Macao's gaming revenue plunges by 96.8 pct in April

Xinhua

02:03, May 03, 2020

macao casinos (china daily).jpg

(Photo: China Daily)

MACAO, May 2 (Xinhua) -- Macao's gaming industry revenue plunged by 96.8 percent year-on-year in April 2020, the special administrative region (SAR)'s gaming industry watchdog said here on Saturday.

Macao's Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was only 754 million patacas (about 95 million U.S. dollars) in April this year, a drastic decline of 96.8 percent from April 2019.

The accumulated revenue in the first four months of 2020 reached 31.24 billion patacas (about 3.92 billion dollars), also down by 68.7 percent year-on-year.

The current COVID-19 epidemic has aggravated the subdued performance of the gaming industry, as the SAR government had tightened the visitor entry policy to curb the spread of the epidemic since late January this year.

Macao's monthly gaming revenue had kept a year-on-year growth for 29 consecutive months since August 2016. But the trend was ended as it recorded a decrease of 5 percent year-on-year in January 2019.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue