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Friday, January 01, 2021, 17:33
Macao gambling revenues drop 65.8% in Dec, 79.3% in 2020
By Reuters
Friday, January 01, 2021, 17:33 By Reuters

In this file photo taken on March 5, 2019, visitors take photos outside the Wynn casino resort with a view of the Grand Lisboa, top center, casino resort building in Macao. (ANTHONY WALLACE / AFP)

HONG KONG - Gambling revenue in China's Macao Special Administrative Region plunged 65.8 percent in December year-on-year, a less severe drop than in recent months as the world’s largest casino hub saw a pick-up in visitors from its key market - the Chinese mainland.

December’s revenues were US$976.71 million, according to data released by Macao’s government on Friday

December’s revenues were 7.8 billion patacas (US$976.71 million), according to data released by Macao’s government on Friday.

READ MORE: Macao to ban entry of residents who traveled outside China

Gambling revenues for the full year dropped 79.3 percent, reflecting the hit from the coronavirus pandemic which prompted widespread travel restrictions.

Macao hasn’t seen coronavirus cases in the past six months - one of the longest COVID-free streaks in the world but the government has tightened border restrictions because of a new strain of coronavirus that emerged in the UK.

ALSO READ: Macao GDP drops by 63.8% in Q3 2020


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