Region Suffers 11 Consecutive Month Loss Due to Declining Income

According to data released by the Gaming Inspection & Coordination Bureau, casinos in the former Portuguese colony won just $ 166.6 million in August.

The figures represent a 94.5 percent year-over-year decline compared to the more than $ 3 billion the region won from gamblers in August 2019. It is also the 11th straight month of gross gambling gross decline in the region.

The market could find its bottom as August revenue equaled July’s revenue of $ 168 million. In June, the casino won $ 89.7 million visit WADUKPKV.

The COVID -19 pandemic and the strict travel restrictions placed on the territory by the Chinese government have hit the industry since casinos were forced to close for two weeks in February. As the country continues to slowly control the virus, some travel restrictions have been lifted, but casinos still have a grim outlook on the future to come.

Last month, the government lifted the mandatory 14-day quarantine for travelers from neighboring Guangdong province, but according to a report from GGRAsia, the province is home to the highest percentage of non-gamblers in the entire country.

Other strict travel restrictions are still in place as the government is still enforcing quarantine for travelers to Hong Kong and other regions of the world that have a higher concentration of gamblers in their population.

Over the years, the Macau market is down more than 80 percent compared to 2019 with at least a few operators in the region recording losses. Las Vegas Sands Corp, which owns four Macau casinos, reported a loss of nearly $ 1 billion in the second quarter.

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