Macau Monthly Casino Revenue Fell to Year Low in October

Author: Live Casino Direct
 
Macau Monthly Casino Revenue Fell to Year Low in October
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Macau's monthly gross gaming revenue fell almost 29% month-on-month to MOP4.37bn ($544.7m) in October. The October revenue also represents a dip of 83% from pre-pandemic figures in January 2019.

The number of tourists who arrived in Macau from mainland China fell last month. This contributed to the drop in gaming revenue. Zhuhai brought in a 14-day quarantine period at the end of September for anyone entering from the SAR. The quarantine was eased on October 19.

28,299 visitors arrived in Macau on October 26. The average daily number of tourist arrivals surpassed 25,000 from October 20 to October 28. Casinos have brought in strict testing measures and proof of vaccination requirements for their staff. Hong Kong is the second biggest contributor of visitor numbers to Macao.

Macau casinos performed better in 2021 than last year. For the first ten months of 2021, the total casino gross gaming revenue reached MOP72.15bn ($8.94bn) This is around 57% greater than the same period in 2020. There is still a level of uncertainty surrounding Macau's future. The government is reviewing existing gambling laws.

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