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Gaming revenues rise 1,014 per cent in April year-on-year

Last month’s growth indicated a recovery from last year’s casino takings. However, April’s revenues were still much lower than those in April 2019.

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Last month’s growth indicated a recovery from last year’s casino takings. However, April’s revenues were still much lower than those in April 2019.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 5:04 am

Macao’s gross gaming revenues rose 1,014.4 per cent year-on-year to MOP 8.4 billion (US$1.05 billion) in April, the Gaming Inspection and Coordination Bureau announced yesterday.

Last month’s growth indicated a strong recovery from last year’s casino takings. However, April’s revenues were still much lower than those in April 2019.

In April 2020, Macao’s gross gaming revenues stood at just MOP 754 million. In April 2019, the gross gaming revenues reached a whopping MOP 23.58 billion. Month-to-month, April’s gross gaming revenues rose by just 1.1 per cent.

In the first four months of the year, the gross gaming revenues increased by 2.6 per cent to MOP 32.04 billion.

At the end of the first quarter, Macao’s six gaming operators – SJM, Galaxy, MGM, Melco, Sands China, and Wynn – owned 41 casinos. However, the operations of four of SJM’s 22 casinos were suspended at that time, according to the gaming inspectorate.

At the end of March, the gaming sector operated 6,092 gaming tables and 9,404 slot machines. Compared to the end of 2019, the sector’s numbers of gaming tables and slot machines were down by 47 per cent and 9.6 per cent respectively.

 

UPDATED: 22 Dec 2023, 5:04 am

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