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Casino revenues drop 37 per cent in June from previous month

Takings grew year-on-year, but compared poorly to the first five months of 2021 after Covid-19 restrictions stymied arrivals from the mainland.

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Takings grew year-on-year, but compared poorly to the first five months of 2021 after Covid-19 restrictions stymied arrivals from the mainland.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:45 am

 

*Last updated on 2 July 2021, 8:00 am

Macao’s casinos took in MOP 6.5 billion last month, a year-on-year growth of 812.5 per cent.

In June last year, due to severe travel curbs in response to the Covid-19 pandemic casinos’ receipts amounted to just MOP 716 million.

Prior to the pandemic, Macao registered a gross gaming revenue of MOP 23.8 billion in June 2019, 72.5 per cent more than this year’s numbers.

However, June’s revenue fell 37.4 per cent month-on-month, resulting in the gaming sector’s lowest monthly revenue this year.

Analysts have suggested that the poor results were a result of a regional Covid-19 outbreak in Guangdong in May which cut arrivals from the mainland.

On 7 June, the Macao government tightened its border entry curbs, requiring all arrivals from Guangdong to present proof of a negative nucleic acid test effective within 48 hours instead of the previous seven days prior.

In general, Macao’s casinos have been performing better this year, with receipts rising to MOP 49 billion.

 

UPDATED: 22 Dec 2023, 4:45 am

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