A total of 3,100 gaming tables have resumed operation since the reopening of casinos in February, representing 46% of the total number of tables.
Business
Macau’s general unemployment rate, which comprises local and non-resident workers, and local residents’ jobless rate remained unchanged at 1.7% and 2.3% respectively in the November 2019-January 2020 survey period.
The Macau government’s income from gross gaming revenue taxes fell 12.1% year-on-year to MOP 17.23 billion (US$2.15 billion) in the first two months of the year.
Macau’s overall residential property price index for November 2019-January 2020 dropped 0.9% over the previous survey period (October-December 2019).
The government expected a budget deficit of over 40 billion patacas for this year due to the adverse impact of the COVID-19 epidemic on the local economy.
The Macau Monetary Authority (AMCM) lowered its base rate (BR) of the discount window by 50 basis points to 1.50%.
The organiser of the annual gaming expo G2E Asia announced on Tuesday the event’s postponement from May 19-21 to July 28-30 at the Venetian in Cotai in response to the novel coronavirus epidemic.
Macau gaming operator MGM has announced further measures to assist small- and medium-sized enterprises (SMEs) in coping with the adverse impact of the COVID-19 epidemic.
Macau’s gross gaming revenues fell 87.8% year-on-year to MOP 3.1 billion last month.