Macau casinos showed a 63.7% revenue drop in January
Since the world was shaken by the coronavirus (COVID-19) pandemic, the Asian gambling industry has been taking large losses.
Macau's casinos continue to recover from the hit they took after the quarantine measures were applied. About a year ago, the local authorities began to put gambling establishments under quarantine.
In addition to "closing" casinos, the authorities also restricted movement between the administrative regions of China and later, when gambling establishments were finally allowed to reopen, imposed restrictions on the number of visitors to casinos.
According to figures released by the Gaming Inspection and Coordination Bureau, Macau casinos continue to suffer serious losses. In January, gambling establishments in the region showed a 63.7% revenue drop compared to the same period last year.
Local gambling operators won over $1 billion from players last month. Hence, Macau casinos’ revenue has been falling by more than 60% for the 12th consecutive month.
However, the situation is not that dramatic. Earlier, Macau gambling establishments’ income fell by 90%. This indicates that the gambling market in the region is gradually reviving. It is possible that revenues of the local casinos will soon return to the pre-quarantine level.