MACAO - Macao’s gaming industry revenue plunged by 94.5 percent year-on-year in August, the special administrative region (SAR)'s gaming industry watchdog said on Tuesday.

Macao's Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was 1,330 million patacas (about US$166.8 million) in August this year, a drastic decline of 94.5 percent from the same period of 2019.

Macao's Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was 1,330 million patacas (about US$166.8 million) in August this year, a drastic decline of 94.5 percent from the same period of 2019

ALSO READ: Macao's gaming revenues tumble 94.5% in July on virus impact

The accumulated revenue in the first eight months of 2020 reached 36.39 billion patacas (about US$4.56 billion), down by 81.6 percent year-on-year.

READ MORE: Visitor arrivals to Macao increase in July as virus curbs ease

Macao's monthly gaming revenue had been on a year-on-year growth for 29 consecutive months since August 2016. But the trend ended as it recorded a decrease of 5 percent in January 2019.